I was going to say something along these lines, but stole this from a guy off the yahoo board because its late and im tired lol :)
"You guys who are saying that the markets were panic selling out of fear are just plain wrong. Most of the selling has been forced selling as people struggle to come up with cash after the failure of so many major players. And of course, that forced selling feeds on itself, because as they force sell, they drive the prices lower across the market; stops trip, margin calls trigger, and they have to sell more shares to get the same amount of cash as earlier."
If it was panic, the volume levels would be higher. Also, the only way to make money is to keep dragging the markets up and down (more down than up).
So it's a lot more complicated than just fear or panic selling, although certainly, that is a factor.
Yeah, don't I wish I could trade some of my higher priced shares in for lower ones! I could now buy more than three times as much as I previously bought.
What a deal!
