I think the US equity market is in for a stiff correction sometime in the first quarter. It will probably be tied in with the debt ceiling fandango.
Alcoa put in respectable results after the bell.
"For freedom we were set free; so stand firm and do not submit again to the yoke of slavery. For you were called for freedom, brothers and sisters. But do not use this freedom as an opportunity for sin and worldly gains; rather, serve one another through love. For the whole of the law is fulfilled in one statement, namely, You shall love your neighbor as yourself. But if you go on biting and devouring one another, beware that you are not thereby yourself consumed." Gal 5:1-18
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.