*closing hour action: weakness to 1993, but holding the morning low of 1989, spiking higher into the close, as no doubt some equity bears closed out after a third net daily decline.
... and that concludes trading day'1 of 250 (or so) in 2016.
Clearly, a day for the equity bears, having seen a fair few aspects of support broken under.
I realise some will be calling a floor from 1989, but that makes ZERO sense as a key floor for early January.
Highlight of the day... seeing Pisani quoting circuit breaker limits in the early morning. Those cheerleaders on clown finance TV sure get spooked easily.
If the market sees broad weakness in the weeks and months ahead, the mainstream will no doubt start to get real moody with Yellen. Calls for more money printing will soon start appearing.
a daily wrap will appear at 6pm EST.
The 'outlook for 2016' - with YOUR predictions, will appear at 8pm.