With the kind of volatility we have, people lose money. Either they are long, they sell and then the market rebounds strongly and they are short and so forth. So they lose their patience, they give up, they think the market is rigged by the big boys and that may be the case in some instances.
in Bloomberg, May 11
Related stocks and ETF`s: SPDR S&P 500 ETF (Public, NYSE:SPY), Goldman Sachs Group, Inc. (Public, NYSE:GS), iPath S&P 500 VIX Short Term F (Public, NYSE:VXX)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
