Quote from joeyata1:
i think all this goes back to 2000-2003. look at all the inflow stats and you see nobody capitulated squat. from 97-2000 we had 250-300 bil inflows per year and i believe in the worst year we had 75 bil are so of outflows. the fed interfered in 2003 and prevented the natural capitulation from occuring and here we stand 5 years later with unfinished business down. the fed can only prolong what has to happen they can't stop it.also take into account we've been in a 5 year and 3 month bull market which is one of the longest ever and put that back to back with the longest bull market(91-2000) and you can see even if we revert to the mean its along way down