Warrent Buffett said: Be fearful when others are greedy, and be greedy when others are fearful. During economical crisis, businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.
Nobody can predict the short-term movements of the stock market. However, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.
For full article: https://www.nytimes.com/2008/10/17/opinion/17buffett.html
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