And this is the point that a guy named Cyphire (who has a lot of money, but decided to rent in La Jolla instead of buying) was making too.
For most people, whose assets is less than $5M. Losing a few hundred thousands dollars is going to hurt them.
It would be an interesting study to figure out out of those people who saved, want percentage ended up losing money anyway on other things, such as bad investments (shorts or longs at the wrong time), spending on frivolous things, etc.
