
For months, the average investor has sat on the sidelines. Sure, we can argue that they do not count. But many did withdraw from the stock market. The reasons were not that they saw a depression, or that the recession was causing them to do so.
Markets Jolted by Oil Surge and Worries Over SlowdownSource: The New York Times
Stock markets plummeted and the dollar sank to a record low against the euro today as investors worldwide grew skittish over rising oil prices and the prospect of a substantial economic slowdown in the United States.