If by judging the mainstream financial media, the people have a lot to fear and panic.

All major indices is at 52 weeks low, or more. The long awaited 10% correction. Bingo. Some exceeded. So what now?

Where everyone seems to see a consensus of fear and panic, I see a massive widespread of universal complacency means the bottom has nowhere to be seen. The only panic, I see, is Jannet which also doesn't bode well for the future. 

I read with horror that we will be crash of 50% and the oil will crash to $60. Do you think it's a little too severe? The risk reward is no longer in the short side even a longer fundamental issues to the downside is not finished. 

Here is a one: a bearish perspective but a bullish market? Maybe it is a great time to be afraid. Is there a opportunity now for a reversal as the world central banks might've coordinate to maintain a all time low interest rates and smart traders with cash switch to the fear for missing out a bear market rally. 

The market rarely rewards 90% of the players. Ironically most of them forecasting a rally claim to be contrarian because the sentiments is so negative, yet by being in the majority they cannot be a contrarian. 

This is one result of charts and graphs plus information being readily available to all of us, all the time. All indicators and investors sentiment used to be confidential information jealousy guarded by investment banks and brokers, non institutional technical analyst has to plot the chart by hand.

Now that everyone has this indicators, 24/7, then exactly how accurate is the negative sentiments? If everyone knows the same data, and uses it to forecast the bottom, then how is that contrarian? And how can indicators which everyone knows is accurate if everyone is using the same ones to plan their trades?

A bottom is rarely reached if everyone is anticipating it, forecast it and expecting it. When everyone is going the same way today, that's a contrarian expectations of a reversal, the market usually rewards that consensus with staggering losses. 

The fantasy that everything will be soon return to normal are so powerful that even smart people is being seduced by the dream that the team of political policy makers will continue to produce endless bailouts and invisible interventions and cheerleading will soon make everything right again. If that is what we want to believe, even it's a con.

As I believe in the self engineered mechanisms, let's say they have enough funds to move the market, even briefly, via buying the futures and selected indexes companies. And now that the bro sis are glued at the major indicators, if they want to spark a sell off, they just need an engineer to break all the stops, and triggers the computerized selling and traders' stops.

If they want to engineer a rally, step in a buy every time the markets threaten to dip below the support of levels. Then one day, they'll start bidding way above the ask, popping the indexes well above those resistance levels. That triggers the black boxes and the traders jump in, fearful to miss the next rally.

Since everyone is watching the same line, this sort of manipulation is very straightforward. Spook the herd to run one way, and send a few dogs to herd it another way. 

As mentioned,  for every buyer, there's a seller, which means there's a balance of competing opinions. All the bottom callers can start buying if that's the way they operate. As long as they control risk, there are no more right or wrong than anyone else. It is when we let our opinion divorce us from reality is when we get into trouble. 

The market policy makers or central bankers or anything else you want to name it. What happens over the past six years is they've moved from providing short term buffers to being a saviors of the government, economy and asset market.Every conventional economists expected the economy to recover quickly after they've provided the usual buffer.

But they were wrong. The structural problems stemming from financialization, excessive debts, risks and from near zero oversight has wreaked havoc on economies all over the world. 

Their policies over the past six years ie. Talking up the power of central banks, buying bonds and shoving new money into the financial sector, have reach diminishing returns. The public once unbounded faith in the efficacy and power of this policies is waning and they are open to face skepticism.

One day they are saying everything is recovering, next day everything is 360 degree turn. It's tough to do when you have been glorified for so long, but there are three options left.

• One option is the limits of the central bank. ( they've failed )
• Second is to start buying en masse.( damn it yet again) 
• Third, yet launching another failed easing program. This may further discredit the said policy makers and their wasted trillions of dollars.( at the voters expense again)

The tides comes in and goes out because it has to. That's the rules.

Till then.

P/s; this is not a trading and investment advice. Managing fear is the first priority. Because the market is rigged to instill fear and panic. I am a hater too, but I hate manipulators that creates this mess. I don't hate the people from this circle. Wish all the best.

# The "RIght management" running a good company is safe, if not better compared epf.