That’s possible but do you believe it is probable Marc? That would be a Black Swan kind of event or a cold swan type of an event for you. That’s not your base case.
Marc Faber : It’s not probable… Correct. I’m not a believer in the manipulation
theory. I’m not a believer in all the conspiracy theories. I’m a
believer that the market went down because there was a technical break
and also because stocks are so strong. So, when people look at their
gold and they look at the stock market that goes up every day, they then
decide ‘Gold is dead. Let’s buy stocks’ because, at heart nowadays,
everybody is a momentum player. The fund managers who must outperform
the index, the hedge fund guys, the high-velocity trading people, the
algorithmic people – they’re all momentum players. What moves up, they
chase. What moves down, they sell. - in au.businessinsider
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