[meyer]

..."$3000-$3500"...

I hope you don't mean total value, in dollars, US. That would seem a bit low, even to a bear. :^)

[dalereed]

I think we're headed into a world wide depression that will be worse than the last one, the one I grew up in. It might take a number of years of drops and short small rallys but before it's all over the $3000-3500 area is where I see the market start to rebound and the country rebuild itself.

The fed could flood the market with paper and cause inflation like they did durring the Carter years but if they do, the crash will be just that much worse.