Buffett would tell us to get greedy here.
The American Association of Individual Investors (AAII) weekly survey has found that for two weeks in a row, the percentage of bearish investors in America has outnumbered the percentage of bullish investors by more than 40%.
In early March 2009, the exact same week stocks bottomed after the Great Financial Crisis!
Let that sink in for a moment…
There’s nothing but fear out there. Buffett would tell us to get greedy here. But should we heed those words of advice?
Absolutely.
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