Thanks for your optimistic list. In general I quite agree with you, at least for folks in the accumulation phase of their investing lives. Not sure you could convince a less-than-well-heeled retiree that a bear market is good for her, though.
Anyway, my further two cents:
RickFerri wrote:1) You can buy much more stock for the same dollar invested.
That's for certain. If you're in the position to sink some $ into equities then buying low definitely beats buying high, as long as you have the stomach for it. And speaking of tolerance...
RickFerri wrote:2) You learn what your true risk tolerance is.
Again, right on the money. As for me, I know my risk tolerance has been tested before so I know what I can take and what I can't. But for those who've never been there, there's no substitute for getting a true taste of a down market (changes those handy dandy risk tolerance questionnaires from purely hypothetical to something a bit closer to reality).
RickFerri wrote:3) More media attention on the markets means less media attention on the election.
Definitely in the short run, at least. Of course, it's bound to change the focus of the election, too. So, now when we see the candidates they'll be telling us this, that and the other thing about the economy and the financial markets, etc., instead of focusing on the many other issues out there that bear (pardon the pun) on the election.
RickFerri wrote:4) Lower interest rates helps people buying homes or refinancing.
You sure know more about this stuff than me, and I'd suppose without researching it, that it'd be true in a "normal" bear market. But, geez, I've been looking into refinancing for several months, and just when I thought mortgage rates would decline ... uh, no, they are rising. From the man on the street perspective, mortgage rates are pretty much SNAFU right now.
On the whole, however, I side with your larger point ... "this, too, shall pass."
Unlimited online financial info's great, but I'd rather my compass just kept working.