Yeah. Everyone has their own idea of value. What makes you think they are decent value now, though? Is it just that they at one time dropped from 30%? They were actually about 30% overvalued then. So right now they'd be fair value but based on the past earnings, which we don't know, other than they will be worse. This suggests they are actually more overvalued than before the drop. i.e. if stocks were 30% overvalued when we knew earnings, and now are only 15% cheaper when we don't know earnings, they're even more overvalued unless earnings only drop 16%, which is extremely unlikely. They are actually more expensive despite the drop. April earnings will prove this. I think what is confusing people is they see a 30% drop and think "value", but if they were 30% overvalued then you're even, and if the future is 30% worse than you overpaid 30%. People don't seem to get this. It's best to learn how to read a balance sheet (current ratio, debt to equity, etc) and understand credit markets, etc. IMO after looking at all that stocks are still 30% at minimum too expensive. Though, I do get the interest rate discount and the 6 tril will distort those. So figure 20%. All that said, I am also dollar averaging down just because...in case I'm wrong, but only 1/4 of the dry power going in at any given time because of the overvaluation. There's for sure another leg down if stocks are to find true value. 16000 is where Dow should be.