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.
"Imaginary evil is romantic and varied; real evil is gloomy, monotonous, barren, boring. Imaginary good is boring; real good is always new, marvelous, intoxicating...Sin is not a distance, it is a turning of our gaze in the wrong direction. Sin is an attempt to fly from emptiness. All sins are attempts to fill voids." Simone Weil
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.