dow unquestionably unstable and dangerous, page-50

They had world wars too. But things always seemed to recover sooner or later. Hey, lets face it, none of us know how long the market will take to recover. But it will.

Here is a chart that suggests the current drop is just a sub-prime dip and not a market crash or a correction. It is a plot of the S&P500 Price and the ave PE Ratio. I have not got the 2008 bit of the graph. But anyway, it shows there is nothing wrong with company profit's (historic lows there) and that means the market will come out of the dip and continue to climb.

(Just click on the chart to get a closer look.)