Its real easy to do post mortems of catastrophe but the real man is one who can see it before it has already hit. I think there are very few who hav not been fooled by the crazy rise in the market, infact i think those who started with the tide early are not fools at all, all we have to do is buy when the tide rises and run away when tide stops to rise or starts falling, the only fools are one who try to join the tide at the end.
Everone must have incurred losses but smarter ones would have survived to fight again.
And yes i think our forum itself tells us where is top and bottom, have a look we had ocean of tip givers few days ago and now we have all kind of pessimistic threads, this can be added as an important indicators with traders
Regards