The S&P500 has wiped out all of 2007s and most of 2006s advances. The index has dropped over 14% over its highs and there is bad news coming out on a daily basis. Back in 2006 and in Feb of 2007, there was a lot of fear. Now Im not talking about the put/call index or the ISEE sentiment number, but just the overall feeling on the street. The overall feeling on this message board. I login here everday and no one seems to care. In addition, many of the old posters have disappeared from the board like the Stonedinvestor, Steve Tvardek, Willam Rennick, Stocktrader etc. They probably blew their accounts. This is the perfect time for shorts. Bears do not thrive in markets with lots of fear and action, but in markets where no one seems to care. In this market no one seems to care and, therefore, there is no Steve Tvardek waiting down below to catch the bid. The price keeps falling further and further everyday. No one seems to want to buy. Even if they did want to buy, the price action from 2007 has blown their accounts. Has the market crashed? Yes it has crashed, but in slow motion. Each day we lose a little bit more ground giving up a few more percentage here and a few percentage there. Every once in a while we have a token short covering rally. I almost feel like this is 1987 or 1929, but done in slow motion over a period of months rather then a day or two. So I say to you, elitefader, what says you?