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Survivors of previous market fads that fizzled have some advice.
Coming after a number of previous market mishaps caused by faulty computerized trading, Knight's trading problems rekindled a broader discussion about the vulnerability of an increasingly complex and fragmented stock market.
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According to Mr Smithers, Wall Street needs to fall by a third to reach fair value or by 60% to look as cheap as at the bottom of previous markets.Share prices might, of course, rise a bit more in the short term.
His career was famously derailed by a four-year-long public battle against obstruction of justice charges at the height of the previous market bubble.
Last night investors had to pay $856,000 to insure $10m of Glencore's five year bonds against defaulting – just a fraction lower than the peak of its previous market crisis a few months ago.
The transition from the desktop to cloud-based apps offers some exciting opportunities for developers to gain market share at the expense of the previous market leaders — and presents a serious threat to today's winners to not fall behind.
What's more, the convergence of systems medicine with computational insight and big data is facilitating new business and policy partnerships that are expected to exploit the newly unlocked value of a previous market failure.
True, it has focused on smaller aircraft, but the regional-jet business has, if anything, been much tougher than that for long-haul aircraft: witness the recent bankruptcy of Fokker, the previous market leader, not to mention the sluggish progress of plenty of government-backed aerospace projects.
That number matters because it represents a doubling of value from the previous market low of 666.79 on March, 6, 2009.
Two months ago, it had 1.5 million registered users - almost double the number of AOL, the previous market leader.
The first method used to ensure robustness was that the number of respondents in this survey was adjusted through a weighting procedure to take account of national patterns of NHS Direct use (assessed by previous market surveys outside of this study).
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