I received an email from a well-respected friend today telling me he bailed out of all of his stocks (and I needed to as well) because the market is going to crash.
I laughed a bit because the time to sell was 7% ago. Granted, in terms of years or months, he will probably end up being right. I am a perfectionist, and one thing I always avoid is chasing a mature trend for pennies only to regret it two days later.
Some silver equities are maintaining strength - see GPL. GDX also didn't close at new lows today.
"Bankruptcies of governments have, on the whole, done less harm to mankind than their ability to raise loans."
R. H. Tawney
He might have underestimated the size and influence modern governments would end up having.