The market will bottom out at 7,500.
At that point, people, as they've already come to mildly suspect, will begin to become even more convinced that things really are not that bad. Not "UNPRECEDENTED-FINANCIAL-CRISIS-SECOND-GREAT-DEPRESSION" bad, anyway.
Already, this Great Financial Crisis is failing to take shape:
Richard Fuld hasn't jumped from a window, not even a ground level window.
There hasn't been a run on the Bailey Bros. Building & Loan.
No one is giving up their cell phone, nor cancelling the text messaging package.
And everything, even...HOUSES! are still being bought and sold.
Besides, Americans now lack the intestinal and testicular fortitude to get through another Great Depression.
Things will get better.
And remember, Market Capitalism is smarter than you.
Separate But Equal Is Best Scenario
4 years ago