I am starting to feel like 2006 will be a good year for the equity markets, as long as the Fed dosn't over-tighten and there isn't any major terrorism. This should be the best year since 2003 with returns in the 15 - 20% range, as companies start to spend again, investors precieve the Fed as done and the yield curve as stable and low, and as a steadily growning economy continues to create wealth and demand for financial assets.