Well, some analyst has a price target of $64. So it's not a nutty call. The question is how long will it take to get there? Before our meltdown, many here thought we'd be there by X-mas or soon thereafter. That's certainly not a confident thing to say anymore, after a 25-30% drop.
Just to be clear. My prediction right now is for $60 by probably May of next year. I'm expecting new all-time highs in the broader indices some time next year as well. We'll see what happens as things unfold.