(Source: Imgflip)
Everyone says they want a bargain...until it's staring them in the face.
You pay a very high price in the stock market for a cheery consensus.” - Warren Buffett
Ben Carlson of Ritholtz Wealth Management summed things up nicely on March 1st when he wrote:
Buying stocks when they’re rising is easier because every purchase makes you feel like an investing genius.
Buying stocks when they’re falling is harder because almost every purchase makes you feel like an investing fool.
Buying stocks when they’re seriously falling, as they are now, rarely