If we traded on fundamentals of the 1970's, Dell would be trading at $48 a share. Now, people are scared and aren't investing. Many great stocks are now trading at multiples of 10. Still, because the DOW is sitting at 13k, despite the fact that the last time we were here multiples were 15x+ average, they have fear mongered the average person out with the scary psycho babble. Seriously, who cares about 13k or 14k, etc... Pullbacks happen during bad economies, not when things are taking off.