“The whole world is mad. Stocks will be dropping 30 percent, then rallying 20 percent, and dropping another 30 percent – that’s going to be the pattern. And whoever can’t live with that shouldn’t be buying equities at all.”
These are the words of noted investment guru Marc Faber, the author of The Gloom Boom & Doom Report.
Seeing the way stock markets are reacting these days, it does seem that the world has indeed gone mad.
But as Faber says, if you can’t live with the current uncertainty and volatility in the stock markets, you must not be buying stocks at all.
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