"Arsenal could have scored another two if we'd played on for another ten minutes," he said.With the exit from the FA Cup, beaten in the League Cup earlier in the season, no European games, and stuck in the bottom half of the table ... Newcastle United's season effectively over.
It is still only January, but it has been a hopeless campaign that many will be pleased to see the back of.
And Keegan must use what is left of the season to try and lift his players and the fans.
Kevin Keegan : "There's a lot to play for.
"We're in the bottom half of the table.
"The biggest thing we've got to play for is pride and our first-half performance (against Arsenal) shows we've got a lot of pride.
"The African Nations has taken four players out of a small squad so we're asking a lot of these players (who remain).
"They gave it a good shift. It's just the confidence went in the second half when the goal went in.
"I've got to say, if it had gone on for another 10 minutes you could have seen them getting another two or three.