There were some great investments out there in March of last year. P/E ratios were in the single digits, some companies had fallen by massive amounts but were s

There were some great investments out there in March of last year. P/E ratios were in the single digits, some companies had fallen by massive amounts but were still solvent. Then the rally came. Ford went from less than $2 a share to more than $10, Seagate went from $3 to $21 (though back down to $11 now). Wells Fargo went from $8 to $32. Those are the great deals people talk about in history books, but they're mostly gone. The last 18 months have seen huge infusions of capital into the market to keep things going. As a result, stocks have bounced back. Also, no one is really fearful like they were in Oct-Dec 2008. Those days where everyone wondered who was going to collapse next or if the government was going to bail out entire sectors, that was fear. Now people are just pessimistic, but they aren't scared the world will collapse.