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Just as outright euphoria is often a sign of a market top, fear is for sure a sign of a market bottom. Time and time again, in every market cycle I have witnessed, the extremes of emotion always appear, even among experienced investors. When the world wants to buy only treasury bills, you can almost close your eys and get long stocks.

Michael Steinhardt

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Michael Steinhardt
Age: 83
Born: 1940
Born: December 7
Financier
Manager
Publisher
Brooklyn
New York
Fear
Market
Cycle
Often
Bottom
Cycles
Even
Close
Investors
Every
Among
Experienced
Outright
Long
Emotion
Extremes
Euphoria
Always
Wants
Appear
Witnessed
Time
Almost
Sign
Stocks
World
Sure
Bills
Treasury

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