I think because the whole market has grossly over-estimated the...

I think because the whole market has grossly over-estimated the downside and as soon as the lunacy ends, we'll all scratch our heads and realise that in general the market still hasn't recovered from the drops of 3+ years ago.

All in all, the ASX is full of companies that are well run, well governed and backed by solid industries which cannot keep supply up.

European debt worries won't stop China's thirst for minerals and that is why even though we have seen a drop in the entire market this week - it will return.

I may end up eating my hat, but it definitely would not surprise me to see the DOW go hard tonight on a rebound, which will in turn see ASX recover.

Fear and greed runs the market. I am still be greedy for the moment, and as they say, when everyone else is scared it is time to be buying.