<<Yes, it's not when people say, "Is it too late to buy, to catch the bottom?" that we are at the bottom, it's when they
ALL ask, "Is it too late to get out?">>
Most casual and inexperienced (re: internet) investors reached that state months ago, even last year. If you are basing your perceptions on the contributors to our favorite SI threads, you have a highly skewed sampling of investors. Most of us had spectacular years in Y2K, unlike 90-95% of stock market participants, only now are we feeling the pain (those of us who are invested that is).
Don't underestimate the degree of hopelessness in the general investing public.
<<As long as there are a lot of people saying, "there is pessimism everywhere," there is too much optimism.>>
Some use TA, some use FA to plan their market decisions. Some use a combination of TA and FA.
Apparently, others use heuristics (rules of thumb) which cannot be quantified.
Warp |
