I think it's a wait and see on how much the retail index investor will pull out. A lot of people have been conditioned to "buy and hold"... And the retail brok

I think it's a wait and see on how much the retail index investor will pull out. A lot of people have been conditioned to "buy and hold"... And the retail brokers have been pushing hard to prevent clients from selling. My broker (Fidelity) went so far as to change the home page to exclude the very nasty graphs that show huge market declines.