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Investing should be as unemotional as possible. Unfortunately, the higher the stakes, the more emotions get involved.
All of the major banks have been gradually working their way to becoming bears. This is shocking because investment banks are always bullish.
Things have probably gone too far with regard to valuations in the stock market. It has to go down some time. All of the major banks agree that the market is too high and due for an imminent drawdown of 10-20%.