  In this paper we apply the emerging- consensus understanding of the fermionic
self energy deduced from angle resolved photoemisssion spectroscopy (ARPES)
experiments to deduce the implications for orbital diamagnetism in the
underdoped cuprates. Many theories using many different starting points have
arrived at a broadened BCS-like form for the normal state self energy
associated with a d-wave excitation gap, as is compatible with ARPES data.
Establishing compatibility with the f-sum rules, we show how this self energy,
along with the constraint that there is no Meissner effect in the normal phase
are sufficient to deduce the orbital susceptibility. We conclude, moreover,
that diamagnetism is large for a d-wave pseudogap. Our results should apply
rather widely to many theories of the pseudogap, independent of the microscopic
details.
