The US markets were weak in light holiday trade.
The 'fiscal cliff' is unlikely to be resolved until January.
The markets may weaken a little more, but I think we have seen enough for today.
Merry Christmas!
"Single acts of tyranny may be ascribed to the accidental opinion of a day; but a series of oppressions, begun at a distinguished period, and pursued unalterably through every change of ministers, too plainly prove a deliberate and systematical plan of reducing us to slavery."
Thomas Jefferson, 1774