Can the stock markets reverse the downtrend in 2012?

We have just left behind a year that caught stock traders and investors by surprise. In 2011, bears called the shots all along and dwarfed the bulls in the manner not seen in the past several years. The indices plummeted drastically after starting the year near the all-time high, and continued falling even till the last trading day of 2011. Do you see scope for an uptrend this year?