I vote for (e) more and more people are losing interest. I cannot tell you how many friends, clients and acquaintances
have told me they are "out" either to cash, money market or real estate. I believe wall street and the political hacks in
Washington who secretly relish this crisis because they see it
it as an election tool, underestimate the problems of silent anger or eventual indifference to the markets by many. Your observation that things are "subdued" is on the mark. I am
an active trader and with the help of Zeev and many on this
thread have done fairly well over the past year but one factor I struggle with is the concern that as more and more people
pull out, get forced out, or lose interest, there are less players in the game and it becomes more difficult to play. I do not have any specific evidence, but the past few days it appears that mutual funds are puking up so called
big, safe stocks with reckless abandon. Some have used the analogy of being run over by elephants.