The world is going to end.
Shares are plummeting and that’s what the mainstream media would have you believe.
Analysts are calling it sheer panic.
“Global markets are in panic mode as the full scale of China’s slowdown becomes clearer,” said Angus Nicholson of CFD & Spreadbetting firm IG.
Although not at the very bottom of the range of investor emotions, we are close to the bottom and very near the point of maximum financial opportunity.
It is notoriously difficult to fight emotions when investing but those that can take a step back and look forward a number of months may be handsomely rewarded.
As Warren Buffet once said ‘Be fearful when others are greedy and greedy when others are fearful.’
The above diagram is a well know expression of the emotional roller coaster investors experience when investing, so if you are staring into the abyss, do bear it in mind.
(Click to enlarge)