Many "traders" on message boards such as these feel that they are now "experts" on the financial markets and somehow above every person out there. The truth of the matter is that this collective band of experts was nothing more then lucky at trading through a trend on the way up. It never fails that when the general public believes the stock market is the cure for all ills then we see big collapses and 30+% retreats. I remember seeing the tow-truck driver on commercials in the late 90s talk about buying islands from his daytrading ways. Then we saw the bubble pop shortly after those commercials aired. Its true that a trader can make money shorting the markets. So why then did the last bunch of collective experts on ET in the late 90s go broke riding the wave down? The truth is that most of these experts were simply nit-wits and only thought the market could go one way, up. As time unfolds, the collective band of experts on ET will be found to be nothing more then brainless bulls who did not know the truth. I wonder on this second go round will we hear yet more stories of how the collective band lost 6 figures or more with their daytrading ways. We shall see. Now lets hear from the peanut gallery of ET. Its your turn.