[Wyatt's Torch]

This quote is from 1989... Being contrarian at that point would have cost you a 350% return over the next ten years :-)

[expat_panama]

quote is from 1989...

Whoa, I'm having another deja vu attack again!!!

[expat_panama]

Futures are really heading south —crash time anyone?

[expat_panama]

... Being contrarian at that point would have cost you a 350% return...

...being a contrarian is the way to go...

Had to think on that. 

Imho it depends on what we mean by "contrarian"; I understand it to mean going against general investor sentiment.  Seems bullish sentiment peaks when it's time to sell ('2000 dot.com) and it's at its lowest during buying opportunities ('08 crash).

[click graph to enlarge]

Right now bullish sentiment is low.