Not at all surprised.  Friday night I ran into an acquaintance who works as a financial advisor.  I hadn't seen him for months, so I asked what he thought of the markets.  He said, "oh, things are great now".  So, I asked him how so and he cited the indices rising.  So, I countered with questions about the S&P trailing P/E being north of 100, increased delinquencies on prime mortgages, rising unemployment, etc.  He said, and I sh!t you not, "You're trying to be too rational, the markets are always irrational.  You need to relax and go with the flow."  These are the people to whom others entrust their life savings.  I guess you don't have to be too concerned about being rational when you are spending other peoples' money.  That certainly explains why politicians and bankers are so tight - that's what they have in common.  Of course, petty criminals are in the same category.  That's all I need to know.  I may NEVER buy back into the markets.  These idiots are destroying the institutions of capital formation and in the process, they will strangle capitalism.  

I couldn't help but reproduce this comment on ZeroHedge.com - says alot about who you entrust your money with. This is why I handle my own money now.