It's the average person's inability to envision or accept change. The evolution from a primary bull market to a primary bear market entails massive change. White becomes black, and day becomes night. This is more than the average investor can accept or deal with. Bad times entail pain, and people will do anything they can to avoid pain, including even thinking rationally about it.
Known values means a return to classic price earnings ratios and a return to classic yields.
Whatever stock you buy, give it time and it will leave you with losses. What's taken market watchers by surprise is the speed and depth that those companies' stocks have plunged as a result. Indeed, some shares have simply been bombed. A key issue is the worsening economy . If this is your first time or have not signed up for a free membership to our informational services, please sign in our guest book below.