Here’s the question: how far will the DJIA, NASDAQ, etc. fall when we reach bottom? Given the numerous “circuit breakers” in place to prevent uncontrolled runs on the the stock market, I doubt we will drop under DJIA 8,000 before institutional investors start snapping up undervalued US stocks.
We won’t see DJII 8000 tomorrow, no way, not that much in one day. The PPT (which officially met today BTW) is there to make sure that people with foresight don’t get rich quick. We will see DJII 8000 before it’s all over, but not before late summer.