Listed below are some observations in stock market forums:
Mid of bull market
Some will look for opportunities to short. Some will shout to buy.
Near to peak of bull market
More will shout to buy, and set higher target price even if the price is already very high.
End of bull market / Beginning of bear market
More will continue to shout to buy when the price drops a bit. Some have already took profit, and stay out of market.
Mid of bear market
Some will look for opportunities to bargain hunt. Some will shout to short.
Near to bottom of bear market
More will shout to short, and set lower target price even if the price is already very low.
End of bear market / Beginning of bull market
Some will continue to shout to short when the price rises a bit. More would have already panicked, and stay out of market.
Where are we now ?