....which way the next 1000 points will be!

"On October 1, 2001, at the height of investor uncertainty in the market-place following “September 11,” Peter Lynch gives his perspective on the U.S. markets in turmoil: “Although I have been in this field for more than 30 years and have seen many difficult times—the market crash of 1987 (a 23% decline for the Dow in one day) and 5 recessions—I still don’t know the answer. I never have. No one can predict with any certainty, which way the next 1000 points will be. Market fluctuations, while no means comfort-able, are normal. But it’s important for us not to lose focus on why we invest in the stock market. When we invest in the market, we are buying companies.” Lynch goes on to say that the events that were hurting the market at the time will have an effect on corporate earnings and the overall economy, “but over the long term, I believe corporate earnings will be higher in 10 years than they are today, and dramatically higher in 20 years. And the markets will follow accordingly.”"

....which way the next 1000 points will be!