Peacelover

If Only Hope Were an Investment Strategy

Yes it is panic, but not surprising. When the market was skyrocketing with no sky limit: Was it rational? it was the opposite of panic. In other words, it was irrational exhuberance. As things tend to reverse to the mean, this is a natural correction. I wonder why people are surprised when the market tumbles but are not when the market skyrocket with no reasons. Mark it down, the market will go down over the next year and a half, we may have mini-bear rallies from time to time. But to reverse to its mean you need at least a Dow at 6500. Time to see a psychologist.