'Off the Table'
Faber said investors should "take some money off the table" on Feb. 21 as stocks were "overbought." The S&P 500 increased 4.2 percent through April 2.
Faber had said in an interview with Bloomberg Television on March 9, 2009, that it was "very difficult to see a scenario where you wouldn't make any money" owning stocks over the following 10 years, while also warning the S&P 500 might lose 26 percent before the bear market ended.
In March 2007, he had said the S&P 500 was more likely to fall than rise because the threats of faster inflation and slower growth persisted. The S&P 500 then climbed 10 percent to a record 1,565.15 seven months later, and ended the year up 3.5 percent.