[STONEWALLS]

as always, thanks Rohry!...

"There is a much higher percentage of novices in the market than at any point in history. In WW II a very small percentage of the public was in the stock market. Before the Gulf War there was a fraction of the people in the market than now. We are in uncharted territory..."

.....I agree....and not only is the territory uncharted but it has the potential to move with a speed that would have been unthinkable in the past.....

Good luck to everybody!

Stonewalls

[steveegg]

As a novice in a market (my only positions in the market are my various 401k fund options), I have to agree to a point. While this is technically uncharted territory, it's more a matter of scale than anything else. The unknown is the emotional factor that so many amateurs bring into the market (they're much more emotional than the "pros" that ran the maket before the mid-90s).

It's that overdose of emotion that'll either be the complete collapse or another miraculous recovery of the market. The question is whether the "can-do" attitude of the amateurs left in the market can overcome both the somewhat-negative news of the economy and the forces (read, leftist media and DemonRATs) that seek to drive the emotions off the cliff. Don't look at me to decipher it; I'm horrid at decoding the emotional :-)