Perhaps participants are growing accustomed to market fluctuations or they are simply waiting until the volatility subsides.

If someone has 10 or 20 years, daily fluctuations in the market don't matter at all,

It's the problem of having a resource-driven market these are the kind of fluctuations you can expect.

The political factor is what's most influencing the market. It's just a few participants who are pushing the market around.

There's a certain amount of rotation of different types of market participants, and now you've got to come in all over again and say, 'OK, here's how you can make money by selling software that people can download for free,' ... A new crowd of people now has to understand that.

Those which we call necessary institutions are simply no more than institutions to which we have become accustomed.