Dow 7000? For many more years than you think.
http://finance.yahoo.com/q/bc?s=^GSPC&t=my&l=off&z=m&q=l&c=
Take a look at this chart. My opinion is that if you go to 1995 and continue that line at the same slope it was for the period of 1983 to 1995, you will see what the S&P should be for today. Those two high bumps are fake crap. market bubbles. When the market recovers, it will go up to that point and that’s it. Anything higher than that will be another fake bubble and will be a warning that it’s time to sell.
I got nothing to back this up, it’s just my gut feeling.