Not everyone agrees with your conclusions...
first of all,.. and that is what makes a market.
Secondly, the very fact that a negative sentiment is now prevailing (for a variety of reasons, some perhaps true, some perhaps false, many currently impractical to absolutely confirm or deny) is also a concrete reason why a potential change in sentiment could be tremendously profitable for anyone jumping in now...
It's typically called a 'reversal', I believe?
Like always, place your bets...