MFB - I'm basing 2020 off of Harry Dent's book and when I plan on retiring. Boomers peak spending years fall off dramatically during the next decade (2010-2020) according to his book. Since boomers are the most involved with real estate investment, they are going to get slammed. I would think the bottom of the stock market is probably going to coincide with a bottom in the housing market ... somewhere around 2020. Like all bubbles, it should be a waterfall decline whenever it begins.
Jan 4 - We have transitioned into a bear market. Completely different rules apply.
May 23 - IMO, any price at/above this close makes a great Nasdaq/SP500 short.