Psychology during Stock Market Cycles

So where are we? As for me, I am just feeling either excited or thrilled as of the moment. That's one step away before the end! XD

Anyway, I had a long talk with my aunt yesterday since I am the one managing her trading account. Despite of the relative bullishness of the market in the last two years, she still feels beaten up and skeptic with the market because of her massive loss in AJO(now MARC) from 2007 levels I think. I think I was able to persuade her to close the loser so we can use the proceeds to (try to) gain back what she lost.