Every single post we read the majority of elitetrader'er are saying it is going to get much much worse, that this is GREAT DEPRESSION #2 What i'm wondering is when we were in the bear market back in 2002 was every single elitetrader'er doing the same thing "calling the end of the world". The last bear market we sold off (11756 - 7200) / 7200 or 38%, Currently we are down (14175 - 8282) / 14175 or 42%. So if the market is good at pricing in all the news, would you say that it was equally bad in 2002 as it is now? Just wondering for those who've been around that long how was the mentality of the people on the forum. I'm wondering if everyone back then in 2002 was calling the end of the world, if so then perhaps elitetrader could be a good indicator of the opposite movement, or back in the bear market was everyone saying differently.