I am an optimist. It does not seem to be much use being anything else.
Markets come back strongly after crashes. That was the case in 1932, 1937,1962, 1974/1975, 1980/1982, 1987, & 2001/2002.
So, why not 2007/2008?
When the majority of investors believe something, it's never long before they are proven wrong.
When Bufett was young, he asked his mentor Benjamin Graham what would happen if after a crash, the market never came back.
Graham just shrugged his shoulder and said, "Don't worry, it is sure to come back."
So guys, don't worry, we are sure to see the light at the end of every tunnel.