Marc Faber delivered this autopsy report

“We’ve moved into an environment of very high volatility where you will have up and down moves of, like, 20 percent all the time and that is a traders’ market... The Warren Buffett approach is dead and it’s been dead for ten years and it’s going to be dead for another ten years ... We can have huge rebounds and then huge downturns again and I think the best for the average investor is to play it relatively in small amounts and not gear up and take big risks.”