In my opinion, we are entering an era of 'economic perpetualism' resulting from gobalization and reduction in market & economic inefficiencies. The result is a much more robust, resiliant gobal economic and marketplace system immune from crashes, bear markets, and eventually volatility. The market will become so attuned that arbiters will nullify most voliatility. Globalization will provide endless growth possibilites combined with increasingly advanced financial instuments. At some time in the distant future when the dow is at 50,000 or so instead of seeing .1-1% daily fluctuations as we do today, .001-.01% flutuations will be the norm. There will still be volatility, but the percentage will become smaller.