With all due respect your lengthy post can even begin to cover Monetary policy, why we're where we are now and where/when we're going to be. Time frames and K Winter talk is not proven or even accepted by most economiists.

All this is far beyond the pupose of the forum although opinions of market direction are always welcome.

Human emotions play a large part in the market fluctuations we're seeing and we'll have to wait and see if efforts to calm everyone down start to work soon.

The man on the street thinks we're in a World wide recession but economists are still hedging their bets. Canada isn't there yet, US is and Europe likely too but that doesn't make up the whole world.