HH,
Believe it or not $1:20 is what some economists are forecasting (although they are the new snakeoil salesmen these days)
As far as the US market is going, until they learn the lessons they should have learnt years ago their economy will continue to be a basket case. If you thought their last slowdown was savage just wait for this one, it hasn't started yet and will be far worse, plenty of bargains to come yet, happy days