This never gets old: Years ago, whenever there was a market sell-off, my friend Tak Hallus (Stephen Robinett) would shout at his TV tuned to CNBC "Bring out the bears!".



That was because CNBC would usually interview "bears" whenever there was a sell-off, and interview "bulls" whenever the market rallied.



Today was no exception Marc Faber: The asset bubble has begun to burst



All in all, Faber is looking for a 30 percent drop in the S&P 500.

"This year, for sure—maybe from a higher diving board—the S&P will drop 20 percent," Faber said, adding: "I think, rather, 30 percent"

Faber expect to see stocks end the year "maybe 20 percent [lower], maybe more!"

"I believe globally we are faced with slowing economies and disappointing corporate profits, and I will not be surprised to see the Dow Jones, the S&P, the major indices, down from the recent highs by say, 20 percent," Faber said...

Here is Faber on April 10th: 2014 crash will be worse than 1987's: Marc Faber And Faber from August 8, 2013 And from October 24, 2012 Since the market is up 40% since his 2012 prediction, shouldn't he be expecting something like a 50%+ decline now?Wednesday:• At 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the• At 2:00 PM, the