Saturday, January 7, 2017
Marc Faber: Volatility will increase in 2017
Marc Faber: In general volatility will increase though volatility has been quite high in 2016 . At the beginning of last year, we dropped to 1810 on the S&P and then we closed over 2200. So we had a big move in the market and then we had currency moves that were also very strong. Some currencies went down but others appreciated against the US dollar – bitcoins, the Brazilian Real and the Russian Rouble. It was a year where you could make a lot of money and also lose a lot of money depending on how you were positioned.
Read more at:http://economictimes.indiatimes.com/articleshow/56389381.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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.
Posted by Nicole Bourbaki