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

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 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. :D
 
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