Originally Posted by tennisguru

I read an article a few years ago discussing how this mentality has shifted. Over many decades during market downturns most people panicked and wanted to sell stocks, so the job of advisors was the caution patience and try to keep their clients from making a bad decision. Now during many market hiccups there can more more buying activity by individual investors even as major hedge funds actually trim some of their holdings. So in some respects that traditional model has flipped. I'm not sure if that would hold true in a major, longer term bear market, but it holds true for most of the minor drops along the way.