This shows a large graph comparing 4 bear markets. You can plainly see how the current market is tracking in a very similiar manner to the Great Depression era market. This chart suggests that we may keep tracking with that market. A chart of the current bear demonstrating lower highs and lower lows suggesting the trend might continue. http://www.dshort.com/charts/bear-recoveries.html?current-bear An analysis of P/Es suggesting that they have to drop further in order for there to be a bottom in the market http://www.dshort.com/charts/SP-Composite-PE.html?SP-Composite-PE10-ratio-by-quintile This chart shows one type of signal. Price has not crossed over the 12 month moving average which has been a fairly reliable signal both in modern times and during the Great Depression era market. http://www.dshort.com/charts/SP500-market-timing.html?SP500-monthly-12MA-since-1995 Dividends have not risen substantially to justify a bottom. Bottoms were set when dividends rose, but now they are being cut. Finally, look at this video and the chart that it shows suggesting next support at around 600. http://slopeofhope.com/2009/03/03/be_stiff.htm I think the S&P 500 still has about 50-100 points to fall in the MONTHS to come before I would even CONSIDER a long term portfolio of stocks.