I tend to agree somewhat with Gramps. Yes, my 401(k) has been hit across the board in equity losses (so much for equity diversification), but there's still a lot of cash out there that's sitting on the sidelines - mine included. No, I'm not buying equities at the moment, and no, I'm not buying non-necessities either (RVs, etc.) I don't believe that I'm alone. So, what's necessary to bring this cash back into the marketplace (Wall Street and Main Street?) - a lot of it is attitude, specifically, a belief that the future is going to be better than today.