Warren Buffet says buy when everyone else is selling and sell when everyone else is buying, and he's doing pretty well. He also made another good point: He said when shoes go on sale, everyone runs out the door to get some shoes. But when stocks go on sale, people go the other way....obviously alluding to the fact that the pattern doesn't make sense.
We may get burned on this, and I was wanting it so bad I was nearly depending on it. But that doesn't mean I will start following the herd. On the other hand, if something seems too good to be true...well, you know.