The last major bear market declines in 2001, and 2009, both saw declines of around 50%. Right now, from high in October we are down 18-20%. If those bear markets from the 2000s are indicative of our decline now, we are looking at an additional 30% drop, or a price target of around 1500. By many indications we are over due for a correction. Hopefully not one this extreme, but it is easily within the realm of possibility