"Widespread pessimism" means that a lot of people generally have a negative or gloomy outlook or attitude towards something.
Full definition
Despite
widespread pessimism among educators about whether merit pay systems can effectively reward good teachers, most of the limited empirical evidence has been surprisingly positive.
The RSX / EEM ratio just had its strongest rally in more than 4 years and the rally happened in parallel
with widespread pessimism about Russia's economic prospects.
A bear market is a prolonged period in which investment prices are falling or are expected to fall, accompanied
by widespread pessimism.
A bear market is «marked by
widespread pessimism that feeds on itself.
TIME (at least 1 year) is just as important as MAGNITUDE (40 % + decline) because TIME causes
widespread pessimism.
If the stock market crashed 40 % in one day and then rebounded to new all time highs over the next 3 weeks, there would be
no widespread pessimism.
We have to go back to the psychological definition of a bear market: «
widespread pessimism that feeds on itself» (i.e. wave after wave of selling).
A prolonged period in which investment prices fall, accompanied by
widespread pessimism.