“Just as outright euphoria is often a sign of a market top, fear is for sure a sign of a market bottom. Time and time again, in every market cycle I have witnessed, the extremes of emotion always appear, even among experienced investors. When the world wants to buy only treasury bills, you can almost close your eys and get long stocks.” WorldWantLongEmotionBillsBottomExtremesCyclesInvestorsTreasuryEuphoriaTreasury Bill Author:Michael Steinhardt
“Time and again, in every market cycle I have witnessed, the extremes of emotion always appear, even among experienced investors. When the world wants to buy only [bonds], you can almost close your eyes and [buy] stocks.” WorldWantEyeEmotionExtremesCyclesInvestors Author:Michael Steinhardt
