[Choose Ye This Day]

You usually can’t go too far wrong betting against the herd and the media. When they say everything’s coming up roses and sunshine (as they were in 1999 and 2006), it’s probably time to get sell. When they say it’s all doom and gloom, it’s a great time to buy.

[IamConservative]

You usually can’t go too far wrong betting against the herd and the media. When they say everything’s coming up roses and sunshine (as they were in 1999 and 2006), it’s probably time to get sell. When they say it’s all doom and gloom, it’s a great time to buy.

In essence, this is how Buffet works. He is the quintessential buy low sell high investor. When a feeding frenzy starts, he heads for the door. When things bottom out, he gets in.