[lbo-talk] Investors in "panic mode" - is there any other mode?

[Doug Henwood]

Of course there are other modes. There's the irrational exuberance mode.

The market pundit Robert Prechter once said that the stock markets peak in extremes of giddy optimism and commodity markets peak in extremes of fear (shortages, etc.). Of course, something like the reverse is true at bottoms.

Doug