This paper proposes a new reductive theory of modality, called the moodless theory of modality. This theory, and not modal realism, is the closest modal analogue of the tenseless theory of time. So, if the tenseless theory is true, and the temporality–modality analogy is good, it is the moodless theory that follows. I also argue that the moodless theory, considered on its own, is better than modal realism: arguments often thought to be decisive against modal realism are weak against it.