Last month’s weekly update was titled: “Volatility is not the same as risk.” I opened with a quote from Marc Faber’s Gloom, Boom & Doom Report:

“The whole world is crazy. Stocks will fall 30%, then rise 20%, and then fall again by 30%. That’s going to be the pattern. If you can’t live with that, stay out of stocks.”

Even Faber couldn’t hav…