The stock market is crashing right now. But one contrarian indicator suggests that stocks could be close to a major bottom – before they go on to soar about 30% over the next 12 months.
You’ve probably heard Warren Buffett’s famous saying: “Be greedy when others are fearful.”
Others are certainly fearful right now. According to the weekly American Association of Individual Investors (AAII) survey, ~60% of individual investors are feeling bearish on the market right now.
But history suggests that when investors are feeling this bearish, it is always a good time to be buying stocks…
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