[wardaddy]

Stocks will rise again no doubt. This market is overwhlemingly mass psychology driven at the moment. The fundamentals are not too shabby. I believe the bottom while not yet breached is nevertheless quite near......it's a process as they say. The big unknown are terrorist attacks. Another Sept. 11th and bam!...who knows.

[GregoryFul]

And it is a good time for the terrorists to attack too. To take advantage of a trend, as they did on 9/11. A Judo principle to propel the US into a headlong crash. The chances of an attack tomorrow morning are very high, I would think.

[Soren]

I've said this on about 50 threads, but it is worth repeating. The S&P 500 P/E is 34. The historical average is 15. The typical bear market trough tends to overshoot and go down to 8-10. If history is any guide, this market has another 50-70% to fall. (15/34=.44, or a 56% drop). These are facts. Whether history repeats or not, that is something each investor must decide for themself. If you think the bottom is near, you should be aware of how much this bottom will deviate from historical precedents.

[DeaconBenjamin]

This fundamental is extremely shabby:

The National Association of Scholars (NAS) last week focused light on some of those ideas. In a survey of 401 college students conducted by Zogby International, the NAS found that 73 percent of students say their professors teach that "what is right and wrong depends on differences in individual values and cultural diversity." Only 25 percent said professors teach that "there are uniform standards of right and wrong by which everyone should be judged."

The result of such teaching is a skewed view of business priorities. When the poll asked students to rate the importance of various business practices, "corporate diversity" outpolled basic corporate honesty. Thirty-eight percent said "recruiting a diverse workforce in which women and minorities are advanced and promoted" was most important. Only 23 percent picked "providing clear and accurate business statements to stockholders and creditors." (Minimizing pollution and avoiding layoffs garnered 18 percent each.)

The entire article is at http://www.freerepublic.com/focus/news/717280/posts