Mike,

This is more a fundamental thought but I adhere to the Economic Cycle Research Institute's thinking about how the 2011 economic environment is much different than last year's.

When we went into market correction mode last summer, you didn't have a global industrial slowdown such as what we're experience currently. In addition, last year, on top of a relatively stronger economic backdrop, you had QE2 kicking in. (Admittedly, the market really took off once it was announced and could again if QE3 is in the cards.) So while 2010's correction was resolved on the upside, I fear for the the two reasons enumerated above, the result might be quite different this year.