by Avi Gilburt
Rarely do you enter a market environment when the fear is as palpable as it was in the middle of March of this year. The world was coming to an end based upon most of what I was reading. And, as we were approaching the market lows (and even all throughout the 45%+ rally we just experienced), many continued to call for further crashes with many targets being noted at 1800, 1600, and even 1000 in the S&P500.
Yes, my friends, most “analysis” was simply providing us trend extrapolation driven by fear so extreme that I do not recall seeing its equal in my investing career. And, anyone who has allowed their emotion to drive their investing decisions has not been doing terribly well of late.