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Why a Psychological Bottom Will Lag Any Real Recovery

Ross, good article. You're right, everyone under 40, maybe 50 is underwater in their 401k. Those people who are laid off with credit card debt may throw up their arms and cash out.

More importantly the boomers have pretty much only ever known a bull market for their whole investing lifetime. I haven't seen a bum rush for the door where everyone is yelling "i'm gettin out while there is still something left". Is it still to come?

Indeed there is a lot of hope on all that is being thrown into the kitchen sink in of monetary and fiscal policy.