Hehe, emark, W.Buffett said we should be fearful when all of the market are greedy and we should be greedy when all of the market are fearful.
In the office, all of mates have known the market is down and most of them believe everything should be down further. That is the crowd effect.
The money transfers from weak minds from strong minds needs some basic conditions. If no fears and panic, no one wants to throw their hard earned money into the fire.
I started to understand this logic after the IT bust but still have not enough experiences after knowing it. 50% market asset is gone. I thought the economy should push a lot of people into the strikes but nothing happens.
What's wrong? Is it FMS IO wrong, market wrong, crowd wrong, economy wrong, or the wrong is not bad enough? Everyone says the wolf comes in but nothing has been damaged in my home.
Now I have about 20 penny shares most of them lower than 1cent. Is it possible XAO goes up over 10,000 after 10 years?
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