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I think sub 3000 is possible, but very unlikely.

Thanks for that, some good food for thought. It will be interesting to see how things unfold. I'm currently buying in with my own and borrowed funds every month,and plan to keep doing so for probably the next 10 years or so. So if it takes a while to recover, I'm not really that worried.

3200 - that's a fair correction. I wouldn't be surprised to see a correction, but 3200 is a fair drop. Care to tease out your thoughts a bit...?