Not really.....
As long as the FED keeps printing & the govt. can spend without reservation, we'll be treking north of 1400 soon, then probably 1500?
Congress is now busy having to figure out how the middle-class can make the banks, Freddie & Fanny whole again. I'm hoping they will make Medicare benefits taxable as "income".
The big boys are loving it. With all the goddamn circuit-breakers in the stock market now, any breach of more than 2% (down) is a Federal emergency. FED will come in and jack it right back up again. This is "happy hour" for the market, and nobody can go broke.
When gas goes to over $4/gallon by July 4th, maybe people will start getting pissed off and march on D.C., but then again, it may be, "Thank-you, sir, may I have another?"