Bearish sentiment abounds in financial markets, and the contrarian “buy” signals intensify. And yet, few analysts have the courage to say the correction/bear market is over and this is the time to jump into the market.
Stock markets fell sharply on Wednesday, as panic spread like wildfire. There wasn’t any single event that triggered the fall.
The main ingredient missing from stock markets right now is confidence, and savvy investors must hold their nerve, according to a strategist.