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!
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception