The market is now made by the pros. The amateurs have fled the equity market to non preforming investments.
They will be forced to return by the need to earn a return and to flee the ravages of inflation.
There is absolutely no guarantee that American private investors will return to the American stock markets. If the Fed does announce QE2 today as it has been described I, for one, will be exiting the American stock markets immediately with no intention of returning in the foreseeable future. There are much greener pastures elsewhere in markets where freedom is still a valued asset.....