That is probably a fair call, however it is worth noting that after the initial fall there was a rally where 50% of losses were regained. Then, of course, the DOW reached new lows and stayed there for many years.
A rally (or should I say 'suckers rally') is quite possible this year where the dow could reach 11000. Just remember to sell, as it could be down in the 3000 range in 1-2 years. This would be consistent with the trend in the 1930's.
