Why does market go up or down dramatically when people expect in their favorites? 2003-2007 made some great advances. 2008 GFC crashed it in a few months. Booming trend takes long time for the crowd to join in while the fear spreads much harder. So it is always that moving up is hard but dropping down to ground is easy. Naturally we believe we are the best. "Oh yeah! We can get what we want." However psychologically we are coward. What if EU crash? What if China tip off? What if everything is crash. So too many best market players use their best time and energy to follow the best prediction of the future. We have safely betting. We have handbook for life. We just don't have any chances to make good enough return when everyone else predict we would have a bad 2012. Rumors in and gone quickly. Betting in and gone quickly. Every year we predict something but few really are what future could give to us. *** The acceptance of how bad 2012 would be is a fascinating illustration of the way in which behaviors and habits often tend to persist despite new conditions calling for a fresh point of view. With every new wave of pessimism, we are ready to abandon history and time-tested principles, but we cling tenaciously and unquestioningly to our prejudices. When we cling to our biases, believe we hold the handbook for life, and then we believe we can bet safely for the future even we never bet right or big enough! *** When you leave it to chance, and bet safely and confidently, then all of a sudden you don’t have any more luck. Business is always about to buy low and sell high with tight cost control and do the right things for direct and indirect profit goal. Once you could get your goals something wrong in your operation and intelligent analysis so that your judgement is wrong. In the ruins all of things are useless but how to protect yourself and hold your position where you could get the chances. Market crashes are not enemies of any market players. If anyone of them is wise and know how to use it, crashes are the opportunities to buy $1 at $0.50 price. You could not see the chances in ruins? It is not EU or Australia's problems but it is your own problem. You fail to do your job to find the chances and you have a stupid mental frame. Few market players admit they are stupid and repeat to twist the words cleverly and cry in the ruins. What could you expect them to get in the new year? They would act and get what they did in the past since they repeat insanity safely! *** Oh yeah, we can repeat to be insane and stupid as before! Why? You just have the experiences to burn the money on the fire and you never do any good things for your mental framework.