http://www.bloomberg.com/avp/avp.ht...//media2.bloomberg.com/cache/v.8Wcra7zbSE.asf If earnings are on the decline for the next several quarters they aren't cheap yet and their prices will decline further with plenty of time to buy and avoid further declines and dead money at best. Good point made at the end of this video. The economy bottomed in 2001, stocks did not bottom until 2003. And That prior recession was not even close to how deep and how long this recession will be. The economy has become even more consumer driven around 70% of annual GDP. Many more financial debacles to come to drive stocks lower along with falling earnings. Enjoy trading the massive bear market rallies and selloffs! Happy Trades Oh yeah....almost forgot.....Buffy caught the falling knife.....LOVE IT!