From a business blogger who I respect as being fairly right on the money most of the time:

2009 A Year to Endure

We got the end of year relief rally after meeting fund redemptions. 8800 and 8200 seem to bring back any price that strays too far. Flat to a slow grind down from today's close to the inauguration and one last euphoric defiant bounce then the market opens for 2009. Right back down to 8200 then long slow grinds with occasional stairsteps down. All the way down to [color="Red"]6800. It may go breathtakingly below that very briefly but 6800 will be the new gravity well. We'll go into Fall low 7000s. Finish? Not a clue.

http://exurbannation.blogspot.com/