The Small Trader

Anatomy of a Buying Panic

"Panic buying". Sounds like a contradiction. You don't buy with fear, but with greed. "Anxious greed" would be a better label.

These buyers are bottom pickers, buying (literally!) the story of "once on your life opportunity" to buy cheap stocks, "buy and hold" and "invest for the long term" WS speech.

All bear markets have frantic rallies because of the above. This is the WS vacuum cleaner aspiring the last buyers before resume the down trend.