I bet you 1 million dollars, the people who have sold their blue chip stocks, are the same people who bough gold in droves, because as the NASDAQ crashed, the prices of commodities shot up.
If one sector plunges, another sector just skyrockets. Supply and demand, fear and opportunity.
For example, the value of gold:
Investors are smart, they just got a lot richer. Like I mention, think money on a different tangent, and you will see, so many people just got rich off this short term plunge.
