Beyond Panic: Fortune Favors The Brave
It is so bearish...
...we are starting to think about the contrarian bounce. Everything we look at is at extreme levels and everyone we speak to is scared. This is not a market for heros, but unless you think we are about to see a total collapse of the system, Warren's "be greedy when others are fearful" quote is starting to make sense at these levels. Below are some charts showing just how extreme things are at the moment.