"thinking is hard, that's why most people judge" — some guy smarter than methe reason sentiment gets particularly awful during downturns is that CT is dominated by traders(and especially now, many more leverage traders)sentiment and current price are their primary inputsthese are present and past looking, not future lookingit is hard for most (not all) traders to be optimistic because they have a surface-level understanding of thingsfor them to be optimistic, they need to see the price go up first, the pric ...