The answer is very obvious - when they are cheap. But what does it mean?
Well, first we need to understand couple of things. What drives prices up and down?
It`s herd instinct, fasion, greed, uncertainty and fear. When market is rising, everyone buys into to it, fearing they may be left out, when others are making profits. It`s not that they are ignorant, it`s rather matter of attitude or weak character.
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