If the S&P doesn't stage a comeback above 3190 ASAP (highly doubt it), it'll retest 2900 - if it can't hold there, look out below; we could be heading to 1800 this year. "Oh no, that will never happen! The market can't just lose half its value..." We've been forced into complacency and pushed into more and more risky assets searching for yield (under 1% on the 10-year today?!). As crazy as it sounds, check out 2009, take a deep breath, clear your mind and try to unwind your complacent, bias mindset.....then have another look.