The little guy. The average Joe. Or Joanne.

Often dismissed. More often ignored. And on Wall Street, much more often disparaged.

Dumb money to their smart money. I'm not so sure about that.

I've been covering business news for some 27 years now, and you know what I've discovered?

Smart people do dumb things.

Smart people bought into the Internet craze, until they got crushed.

And smart people heralded the housing boom, until it went bust.

Not all smart people, but most smart people. Proving they're not so smart, after all.

In fact, a lot of them are downright dumb. Yet they have the nerve to assume, we're dumber.

That's right, the folks who missed the problems at Citigroup and Merrill Lynch now have the nerve to tell us we're missing the magnitude of the problems and Citigroup and Merrill Lynch.

They're stunned we have the audacity to shop. Stunned more some of us have the gall to smile.

Surely we see the Armageddon they're predicting.

I'm sure we do. Which is why we do shop. And why we do smile.

We trust our instincts. And not their forecasts.

The ones that said the last recession could last years, but didn't. Or that Black Friday would be miserable for sales, but wasn't.

Smart people get things wrong, my friends.

We see that. It's a pity, they do not.

Watch Neil Cavuto weekdays at 4 p.m. ET on "Your World with Cavuto" and send your comments to cavuto@foxnews.com

Neil Cavuto serves as senior vice president, anchor and managing editor for both FOX News Channel (FNC) and FOX Business Network (FBN). He is anchor of FNC's Your World with Cavuto - the number one rated cable news program for the 4 p.m. timeslot - as well as the FNC Saturday show Cavuto on Business. He also hosts Cavuto on FBN weeknights at 8 p.m. In addition to anchoring daily programs and breaking news specials on FNC and FBN, Cavuto oversees business news content for both networks and FNC's weekend business shows, including Bulls & Bears, Forbes on Fox, and Cashin' In. Click here for more on Neil Cavuto.