Agreed! Over a sufficiently long time scale, the market trend will always be up, barring an unthinkable catastrophe such as a major nuclear war or a large asteroid strike. But market history shows that downtrends can last decades, even centuries--just like uptrends--although a downtrend usually takes less time than the preceding uptrend. The question is, is the current downtrend a correction of the 90s, a correction of the last half of the 20th century, a correction of the advance from 1789, or a correction of the advance from the Dark Ages?