What Is a «Blood in the Streets» Moment?

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The quote «buy when there is blood in the streets» was coined by Baron Rothschild from the 18th century after the panic that ensued after the Battle of Waterloo against Napoleon. At that time, there was literally blood in the streets in the aftermath of a war. In present time, this expression can be interpreted as «buy when there is the most pessimism». Why is this important? This moment is when prices are at their absolute lowest. Risk is at its lowest and reward is at its highest, since prices will likely move up the farthest from the lowest point.

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