And in the spirit of fair and balanced, here is a link to a bullish argument:http://www.businessinsider.com/henry-blodget-if-us-is-japan-sp-will-soar-40-over-the-next-year-2009-8Could probably go back and forth like this all day, which underscores the importance of trading a trend-following system instead of forecasts.Good luck to all,Wayne