RAE
Thinks s/he gets paid by the post
I just saw a segment on CNBC they went outside and asked random people on the street what they thought, not differnt passerbys said
1) It always goes up in the long term so I am not worried
2) It was a bubble everyone knows the stock market was in a bubble so it will go down but it will come back it always does.
3) you must think of the long term it’s what Warren Buffet always says
4) the majority of people don’t think long term, I do and will not sell
The level of complacency is so high this is going to be a bad downfall, I change my forecast to at least a 50% decline based on the antedotical evidence I see
I guessed a 30% decline earlier in the poll, but you could be right. Tomorrow (fri) will be quite interesting, I think. If it's another down day, then I think monday could see a really big decline, as a lot of people find out how bad things are over the weekend, and scramble to get out on monday.