At Merrill, the concept of fear and greed were taught quickly to us: The two most important motivations in regards to markets. Even the diligent can fall prey to emotion in markets and we are seeing that emotion bubbling now. What I always worry about is when mainstream media acts as advocates for big banks to persuade the poor retail investor. Make no mistake mainstream media is not there to help you, we see that with politics and it is no different with money. These outlets are part of the problem and you can bet their advice will hurt you so when they talk about soft corrections, or gentle easing looking deeper.