Warren Buffett said “Occasional outbreaks of those two super-contagious diseases, fear and greed, will forever occur in the investment community. The timing of these epidemics is equally unpredictable, both as to duration and degree. Therefore we never try to anticipate the arrival or departure of either. We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
Seems like the speedometer is going fro "Zero to Greedy" in 7 months.
Risk Appetite Hits Highest Level in Over Three Years
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Friday, October 16, 2009
Risk Appetite Hits Highest Level in Over Three Years
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