I find it feeble to rely on resistance lines or try to count...

I find it feeble to rely on resistance lines or try to count waves in search of support for the bull case when the market is decidedly in a down trend.

I guess the main difference between today and GFC08 is that nobody expected GFC until it happened but everyone is talking up another GFC happening soon.

On Bloomberg headline "World on Eve of Next Financial Crisis"

So which case is worse? Is the smart money using media to trick people's mind?

When GFC hit, ordinary people held onto their stocks because they didn't understand why it's happening. Once bitten, twice shy, with all the doom talk, the next GFC will probably be a self-fulfilled prophecy.

If people believe in quality stocks weathering crises, my first reply to this thread would be very interesting indeed.