Seeking Advice

Preview from Europe: Risk Aversion Returns to Haunt Stocks

Gotta like the no nonsense way you cover the data. Question is, I guess, where we go from here. Does the fresh release of all the latest bad news shock the markets (and individuals) into further retrenching? Are most people not shocked because they have been paying at least some attention to what's going on? And does sentiment matter much at this point?

If there is less credit available, less lending, higher unemployment, and reduced demand for 'things', will reality overhwhelm any effect sentiment could have?