As per Joe's request, this thread will be a serious trading thread. The premise is that the S&P won't see 1000 in January. My reasoning is as follows: 1) quite suddenly, there's alot of bullish sentiment 2) complacency is setting in--the vix is below 40 3) The year got off to a positive start (a headfake) 4) there's irrational optimism about what Obama can do 5) there's an extreme lack of awareness regarding the deluge of companies that will go bankrupt in 2009 The S&P closed at 931.8. It will not see 1000 in January. It will see 850 before it sees 1000. Only serious replies will be answered. Looking forward to this being a long running thread.