I was sharing with my 14-year-old son just yesterday how stocks are all going downhill and it seems that everything was "doom and gloom". He then reminded me, "Stocks move in cycles, Mama!"
I was frankly, quite surprised at his quick "retort".
He then recounted when we were staying in China a few years back, I had a historical chart of the Straits Times Index pasted on the wall of the study room we shared. On it, I had written the words, "Stocks Move in Cycles!". Little did I know that the young boy then had also this picture nimprinted in his mind. It was really meant for the mother to brace herself to pick up cheap but good stocks during the financial crisis when stock prices kept falling.
The scenario is repeated these days. Just flip through the newspapers and you'd see the pessimism spreading, with headlines ......