12pm update - no thanks for the drillers

US equities remain in micro chop mode.. with the VIX naturally melting.. having lost the 12s. There remains absolute carnage in the oil/gas service sector, after SDRL suspended the dividend. With oil prices set to continue falling in early 2015... outlook is dire.


SDRL, daily

Summary

Little to add... on what is naturally, a generally very quiet day.
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VIX update from Mr T. (due)

..seemingly not to be posted today... I can't blame him.

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time for tea....