Trade What you See, Not What you Hear

Prior to the recent Nasdaq decline, there were many that were apprehensive and certainly Mr. Greenspan was one of them. The problem is that no one ever rings the bell, regardless of how extended the market is. Why would they? Because it is not to anyone's benefit to have fear take over and have money running to the exits. You are always left alone at the extremes as the media hype reflects the extreme fear or greed.