Fear and Greed

It's common knowledge in behavioral finance that fear and greed are what causes so much upheaval in the financial markets. Greed has caused a great many financial bubbles. People plunking their money down thinking "This is a sure thing, I can't lose!" with no regards for sensible valuation. Fear causes those bubble to burst and the subsequent wild swings in the market. Here's a look at the change in emotions through an economic cycle from investorinsight.com. I think we are somewhere between fear and desperation. Panic is coming up. I'm saving my money for some vulture investing.