I think this bear run has someways to go yet. The market has been rising well above its long term average for some time and to borrow a euphanism from a well known Treasurer "This is the correction we had to have". If I was highly geared I'd be reducing my holding but since I'm lowly geared and have a long term view I'll look for buying opportunities in the coming weeks when I see a sustained turn or the All Ords heads below 5500.