Is your glass half full - or half empty?
The awful feeling of disappointment swept around St James' Park after the 0-0 draw with Swansea City, however, on reflection the overall picture going into the festive period isn't as gloomy as some people have made out.
No wins in five attempts can be countered by the stat of three defeats in 16 games as the Premier League season reaches the halfway stage.
And should United avoid defeat against West Brom then only two teams can say they've left St James' Park having taken all three points during the year 2011.
In fact, Newcastle are actually eight points better off than this time last season and despite sliding to seventh spot in the Prem, the Magpies can consider themselves as at least Europa League contenders going into the festive games,
Whatever way you look at it, whether Newcastle have evolved as a group or Alan Pardew, John Carver and Steve Stone have transformed things on the pitch (probably a bit of both), Newcastle United are in their best shape for some time.
Chris Hughton and Colin Calderwood did a fantastic job against all the odds when leading the Magpies to the title in the Championship.
That was no easy achievement and you only have to look at teams recently relegated in years gone by like Middlesbrough and Birmingham who haven't found life easy in the second tier.
Hughton pulled off a superb job in charge and while the arrival of Pardew was an unpopular one, his stint in charge has coincided with Newcastle changing from a team that could get a result if they were up for it to a team that has became hard to beat.
The 0-0 draw with Swansea was frustrating but in the Premier League you do get days when things just don't go for you.
And the run of five games without a win includes games at Man City and Man United, and title contenders Chelsea.
Of course you'd like to think Newcastle should be beating the likes of Swansea and Norwich, and failure to beat West Brom will also unsettle a few natives further.
Pardew appears to be able to find a way of lifting things at the club's training camp, and while the remainder of the season could yet fizzle out, there's nothing to say that it can't go the other way either - especially with the team spirit within the group.
People close to the club can notice change,
Three years ago, United's training ground was an angry place, former players looked downbeat too much and there wasn't a feeling of optimism.
The last 12 months have resulted in a change in that.
Geordie boys Carver and Stone can see certain things coming where as in the past, there was a lack of local knowledge at the club and costly mistakes were made.
Of course the big test is the January transfer window.
Many feel Cheick Tiote will be sold next month and who is to say there won't be bids for other players.
History says that big bids will be accepted and moved on.
Then it will all be about bringing in new blood.
Whether that happens we'll have to wait and see but while it would be easy to get fizzed up about a 0-0 draw with Swansea, there have certainly been worse seasons.
I don't know about you but if Newcastle are still in the hunt for Europa League places this time next month, I'd say things are going pretty well, on the pitch at least.