CGST could you please elaborate on the comments about mum and dad investors. I consider myself a mum and dad investor and from where I see it, most of the market problems come from instos. The largest mistake I have made is not keeping enough cash for this market routing as I see it bargains everywhere! IMHO, the mum and dad investors with their money in super/managed funds will be the greatest loosers in this game. My working poor mates are asking what bargains are about. Rockafella stated, when the bellboy starts buying, you know you are near the bottom of the bear market.