The grizzly bears I respect -- people like Saville, Hussman, and Alan Newman -- talk about the bear troughing around Dow 5000-6000. ============================================================= Other than reading his book I have not paid much attention to Pretcher. His call was so extreme I had to ask some bear I respected. Thanks for the feed back. I'll put Pretcher back on ignore and stayed tuned to Saville, Hussman and Newman and watch the Bear grind on. -LOL- Do you expect this bear to end with low volatility and p/e values that are low compared to historical norms?