The stock market's bull run since coming off the October bottom could have more upward potential, especially if the housing market can show signs of stabilizing.
While 2011 was a rough year on the whole for the housing market, December registered a 5 percent jump in existing home sales, though a recovery is still nowhere near.
The failure of the Super Committee and the ongoing crisis in Europe has created a confidence crisis for investors and the market, but will this uncertainty drive a another downturn?