I think what will happen is we will creep up to like $35K or $40K and stay there for most of the Summer. However when Fall comes around we might revisit the $25K and most likely will break it.
The stock market is going to start taking a break from all these sell offs soon in my opinion. I think most that panic sold are already out of the time. The PE ratios are finally coming down and I think the bottom is near. I don’t believe any of these “Great Depression” type of stock market crashes.
I agree with you, especially on the "great depression type crashes not happening." I mean, we've been through that several times. If no one has learned a lesson, we're doomed as a species. But, we can't deny that even crashes not as severe devastates smaller investors. Hope all the markets recover quickly so we can get on with our lives.