I am not a good contrary indicator because I always talk
as long as I am alive. And my opinion is most time different from the crowd. The reason is I am older than most here, have seen it all before. Of course, this time could be worse that all that I had seen before. To me, this crisis could be 30% worse than before. For example, in all 3 prior crisis, the stock market dropped 45-50% off the peak. If we assume this time is as worse as the Great Depression in the 30s, that's about 30% - 40% worse. I would adjust that to expect market bottom to be around 6K or 5K of DJIA.
The most damaging enemy of ours is our own fear. So, be calm and control your fear, climb out of your fear and observe the opportunities.
