Andy Johnson's goal 12 minutes from time cancelled out Jermain's 10th league goal - his 15th in all competitions - and ended a run of five-successive wins in the Barclays Premiership.
Jermain echoed most thoughts around the Lane that Palace deserved their point after creating chances in the first half - our disappointment coming after a fine start to the second half and Jermain's cracker in off the post putting us in the driving seat for a sixth straight league win.
"Everyone is disappointed because it would have been six wins on the trot and that would have been unbelievable," said Jermain.
"But hopefully the lads won't be too disappointed for long because I thought we played well in the second half.
"We managed to score first and went after the second goal but it just didn't happen for us. As I said, we're all disappointed, but I thought Palace did well and at the end of the day, we didn't lose the game. Perhaps it was a fair result overall."
Jermain was quick to praise Iain Dowie's men - and lethal weapon Johnson. "I think they are a great side," he added. "They work so hard for each other, team spirit is good and they have a great manager.
"We knew about Johnson before the game and the manager told us to watch him closely whether it's the first minute or the last minute, he's always there.
"He's proved it this season in the top league."
Jermain Defoe is hoping the disappointment felt after Palace ended our winning streak in Tuesday's 1-1 draw doesn't last too long as we prepare for high-flying Everton on New Year's Day.