nine lives,Just as an aside, pondering McHugh's comments about...

nine lives,

Just as an aside, pondering McHugh's comments about the likely next bear when (if) we rally back to (say) 5,000-5,200.

Assuming 3,400-3,600 indeed becomes the low, if we rally back to 5,000-5,200 then a second bear market come to pass, this would target a scary 2,000 on the XAO.

This makes some sense when you look at a chart of the long bull market from 1984 (when XAO was about 800). Roughly 2,000 was the base for about 18mths around 1994-1996, so would be the logical next target if the bull rally fails to continue on above 5,000-5,200.

The worry about this is what would that imply about the state of the economy and presumably house prices??

All hypothetical at this stage though.