That's a very pessimistic outlook! Of course, it's also worth keeping in mind that it's reasonable to expect a big crash market in 2012. After all, that's when the next Malaysian general election is scheduled and we all know what's likely to happen at that time. Also, Obama's up re-election then too, and I expect him to lose a lot of his popularity by then. Last of all, there's all of the end of the world theories for 2012. It's hard to tell how much weight to put on that last one, but I'm guessing that it's got to count for something.