I like it when I hear all this....23 May 2013 10:51
Impending doom and gloom. People assuming the end is near without the facts. It normally means it's either time to buy or the bottom is near. We are now seeing the last stages of investor despair, all hope gone and bearing in mind that a lot of the market is about psychology and sentiment I am convinced we will soon see a bottoming out or a bounce. Witness stocktrade as an unfortunate example. Late yesterday he was convinced it wasn't going bust and was not going to sell, early this morning he has been willing to take a £10k loss. Enough said. Well oversold.