Expected
• 1990's: realized gains of 15-20%
• By late 1990's: 30% + expected (86%)

Recovery Expectations:
• October 27, 1997- Dow down 500 points
• Recovery 17 days later!

Nasdaq:
• 3/10/2000: 5,048
• 9/11/2002: 1,315
• Next Month: ?.