I've been noticing every time the market has a bad day; there is always news updates on TV - with analysts from CMC, CommSec ... etc; and they all seem to say the exact same thing. Don't panic, don't sell, we're in a better situation than the US ...well, you get the picture.
I would just like to ask; are all analysts this optimistic? Or is it only those that are televised? 10 months ago, had a TV analyst said "Panic! Sell everything you've got now and put it in the bank" - how better off would people be?
Just seems silly; how low do we need to go before some of these clowns suggest hedging, or reducing ones holdings?