JB,
I agree and well said. I think we're backed up way way too much, even with this market condition. See I know we will be in a bit of a recession here in Canada, but what drives the markets is fear and greed as you said. Well once confidence is restored and the smart money starts to come back in (if it isn't already quietly), we'll see a huge buying frenzy. I know it may sound a bit wierd to think that people will be dying to jump back in, but I think when people are starting to invest again and money is flowing, despite the economy, it's human nature in a way when discussing the markets to not want to miss out on anything gains. Of course there will be people who will stay away for good, but people who have lost money will be dying to get some of their gains back and that'll help drive some of the markets...the greed will come back into play....imo of course.
Rocco:)