If the market falls and remains flat/volatile for a year or so...

If the market falls and remains flat/volatile for a year or so as many are saying will happen what effect will this have a NMS??
Will this scare off some holders from the SPP?
In my opinion Neppy may become a favourite with stock pickers should the market go into reverse etc and this would be a positive for the SP.
I would say however if Jan'08 is a bad market month then a few holders will change their mind about putting up 5 G's.
For the record i will be participating in the SPP unless NMS falls below 95 cents late Jan'08. Then i would buy on market but hopefully the SPP will hold.