Good comments jdvic - people are always frightened of what's happening in the markets, and that's where they lose money.
We should all be learning more from the last couple of years too, but have we?
The lag is evident, employment figures getting worse, but actually the news around the traps from industrial areas local to me etc is that business is picking up. When business picks up, there's a recovery starting, but the employment figures will be last to respond. Businesses will always leave hiring new people until recovery is confirmed, as they're trying to regain lost cash from the downturn by running with fewer employees.
I think we're in a case for trading of buy the dips as someone else said. Still plenty of trading opportunities out there, and only hold solid stocks for the long term.
