As I always say markets are oversold within seconds and stay overbought for years

[S2007S]

Just days ago no one wanted a single stock as fear skyrocketed, today everyone is buying the fear of missing out once again!




https://abcnews.go.com/Business/stock-market-bounce-back-worst-day-years/story?id=112773682

 

[2rosy]

elevator down. escalator up.

 

[nitrene]

That is human nature. Optimism keeps homo sapiens alive. I think like 70% of all trading days are up so that should tell you all you need to know.

I remember the 2008-2009 meltdown and it was really depressing watching CNBC/Bloomberg/FBN during that time. That along with the 1929-1932 slow collapse must have taken a toll on people to endure.

I mean 2008 was the most I saw Cramer get pissed off especially at the Fed & Bernanke for waiting so long to intervene in the credit markets. Remember his famous "They Know Nothing!!!" rant?

 

[the_poet]

Interesting but true.

 

[ElCubano]

That is human nature. Optimism keeps homo sapiens alive. I think like 70% of all trading days are up so that should tell you all you need to know.

I remember the 2008-2009 meltdown and it was really depressing watching CNBC/Bloomberg/FBN during that time. That along with the 1929-1932 slow collapse must have taken a toll on people to endure.

I mean 2008 was the most I saw Cramer get pissed off especially at the Fed & Bernanke for waiting so long to intervene in the credit markets. Remember his famous "They Know Nothing!!!" rant?

That was after the Bear Stearns is a good investment rant.