dow futures , page-113

The probability is that the XAO will retest its lows and then move up or trade in a higher range - how long this action takes??. Usually the bulls become aroused around the half way mark of a recession. Those buying quality for the long term around these levels should not be to bothered by a retest of the lows as we are not that far off them anyway.
It would take an unforseen event of catastrophic proportions (in my opinion) to push markets below the recent lows. Lets face it we have become used to the usual billion(s) dollar losses.
Such unlikely events may include total collapse for examplew of the USA, Chinese or Indian economy, terrorism etc, unforseen major international conflict. So for the minute i think we will only see a retest as the probability of those'nasty' types of events is very low - in my opinion.
Because of all the 'unatural' proping up of economies which are prevented from seeing natural lows i think we will most likely see a few years of low or zero growth as asset values will not provide enough encouragement stimulate greed. Downers in the economy happen for a reason - to bring asset values back to a normal level - but what happens is the human nature fear sees them fall below reasonable value which kicks off investment which feeds off itself - intervention prevents the fall below reasonable value - hence a wait for growth to happen - at least until wages catch up with values etc.