economy versus stockmarket correction

couple of good articles out today about 'herd mentality' about the stock market and economists.................
the stock market represents a very small percentage of the whole world economies..............the stock market is not the economy and economics's hardly ever get it right anyway..............
most first world countries have never been so rich, nor for so long..........unemployment is at its lowest figure, millions of people do not trade or invest in the share market...............millions of people are happily going about their daily lives, living a good life, with no interest whatsoever in the stock market..............
the sub prime thing in the US, will make a lot more people richer..........those buying the properties.........and the ones who could not afford to buy, and never should have will be back to square one or short............
should the aus and european markets worry too much about the us market............the answer is no...........
the US market and economy is not the world driver it used to be............it has competition from china, india, and other countries...................
must be a lot of virgonians, or pessimists out there, but they lose their money anyway..........
the optimists will make money in this current market, they look for opportunities the 'herd' miss.
then there are some posters on hc, who take every opportunity they can to scare the newbies, or less experienced investors..............
look forward to retuning to this subject in the next few months
cheers