We are now experiencing the behaviour of a bear market. The market falls by several percentage points every day. There is total loss of confidence.
Weak investors and margin traders are being squeezed out. Hedge funds are selling massively. There are virtually no buyers.
The market will rebound, after all of the selling has been done. Long term investors should just sit back and wait for the rebound. At the current level, the market is probably over-sold and is showing less than its fair value.
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