It may seem like a distant memory by now, but you may recall that 1Q12 was one of the best quarters of all time for the S&P 500. While Q2 has started off on bad footing, there is still a little over a month left for the index to recover. In fact, if the quarter closed now, it would be somewhat anomalous as a 2Q followup to a great Q1. The most the index fell in Q2 after a double digit Q1 was 1.1%. Currently we are down 6.8%.