There's a good chance that next year goes a lot like the past couple... Here's a comparison chart of Bradley vs S&P500: <img src=http://www.amanita.at/images/bradley/bradley2005.gif> <img src=http://www.amanita.at/images/bradley/bradley2005-spx.gif> Not sure why the author left out 3/29 -- 4/5 -- 7/13 on the S&P chart. Was close enough in my opinion...