Its interesting what happened in this downturn compared to GFC. In GFC all retailers were selling and big time. I remember on evening radio there were talk programs on what to do if you are nearing retirment etc and people were saying Im selling tomorrow because I cant afford to lose any more. And in turn the institutions were buying big at the low.
However this time its different and the instituos got duped big time...hahaha They thought retailers, mums and dads, home traders etc were going to sell so they could buy of them (75% of retailers lose money apparently buying high and selling low), but this time it didnt happen, and the institutions got a severe shock.
This time people are holding on to their shares, and even buying more, catching the fund managers off guard, AND in spite of media spreading doom and gloom all throughout the crisis (just look at yahoo finance and their reporting over the last 2 months).
The instiutos are in shock and now have to buy anyway, scrambling in (check the volume over the last few days).
The retailers have won this time around, haha, sucker institutos, love it.
(20min delay)