At the macro level, the wall street and their gov friends have got their victory last year with the US $700 B bailout money feast and they are enjoying million dollar year end bonus again, which at least indicated the insatiable greed riches don't have a survival drive to direct another DJI 50% dive show in the next a few years, also hopefully the majoritiy of investors can learn to be smart to not join the fool's show. Seriously, as simple as this, if all big 5 wall street trader's house got busted in 2008, is there any material impact on intel, microsoft, wal-mart, costco, merck, J&J, Dupond, IBM, Boeing ? Most DJI index companys have nothing to do with WS trader's house other than some of CEOs may have personal investment accts with them. I think at least most of investors are at least smart enough to not too be fooled twice in 5 yrs.
After the wall street smoke and lies faded down, after the US spending settled down at a more reasonable level, the world economy will get stable and resume growing, which is demoed in 2009, but one thing is changed permanently, the super dominance of US economy and US dollar in world economy. Gold and oil, two only cops monitoring US dollar money policy, has risen up, accordingly. So now it is the perfect time to invest on gold and oil.
Just my thougs.