When I was shorting at Dow 13k everyone was saying how crazy I was. "The market is going to skyrocket" "14k and beyond" etc. etc. Now I am buying at Dow 6k and I am hearing the same thing. When market sentiment is this bad its a great contrarian indicator.
What it comes down to is doing what you are comfortable with. If you are buying just be sure you diversify and position yourself to handle the additional pain that this market can bring.
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