The rate of destruction of money exceeds the Government's ability to print more. Losses of several Trillion have already swallowed their 1 Trillion rescue package. 50 Trillion still sit in derivatives yet to be unwound. Stuff is still overpriced and falling.
It's all very well to say not to panic. But who knows that the falls will not go so far as to halve the price of things yet again.
Selling now might still look smart.
I'm not saying to sell or hold. No one knows. It's a personal decision but to accuse punters of panicking is misleading and irresponsible.
In my humble opinion, there is a lot more downside in this yet but I hope I'm wrong.
