When the last bull throws in the towel: Are we at market capitulation?
Capitulation marks the end phase that puts a full stop to a bear market and lays the foundation for the next bull phase.ย
Capitulation is a phase when the sentiment turns so negative that the bellwether indices, stock prices and stock valuations plunge to levels which fundamental analysts didnโt even imagine! When Warren Buffett asks you to โbuy when thereโs blood on the Streetโ, it is the capitulation phase heโs referring to.