JD9, Well done an intelligent and well put together piece. I believe Markets are products of phsycology. Worth and value are outdated terms and cannot be relied upon The Dow could get to outrageous numbers 4000 or so If fools and fear allow it. There will be those who will profit from such moves and would encorage and promote them. BUT as you show there is no reason or logic to such moves. The world is in dire straits BUT the world will go on, Countries are broke and ruined BUT countries will go on. The only certainty is that things will be rough for the 2012 2013 timeframe. Buy and hold investing is probably not going to produce worthwhile returns. If you trade you understand it is about risk and Risk management If you invest the same applies It's rough out there and It's gonna stay that way. Capital preservation is your only Goal these days If you're not pepared to trade Volitility Find somewhere safe to put your capital for the next few years Be safe be happy and let the nonsense and the No's be they 4000 0r 9000 be not your concern. There are 3 positions you can have in the Market Long Short Out As these markets are not rational pehaps the 3rd is the best option If you must then the advice is in the Sig
