5 years ago, Warren Buffett wrote an op-ed in The New York Times that encouraged investors to buy.  Well, at that time nobody was listening to him.  He wrote it is chaos in the finical world, either in America or overseas.  He wrote:” A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful, and most certainly, fear is now widespread, gripping even seasoned investors.”  In fact, there were lots of reasons back there made people ignore him; a series of events made stock investing appear dicey.

What action was happening was predominantly buying.  Warren Buffett proved himself once again!

Source: http://blogs.wsj.com/moneybeat/2013/10/31/when-buffett-was-crazy-and-we-were-scared/