Oil Leaks, Markets Adjust

Markets continue to worry about oil but we shall see how much the Fed on Wednesday will be the supportive element.   After Wednesday it will be a play to see if there is a continued oil leak and just what kind of year end buying shows up.  Current retracement from the December 5th all time high in S&P500 is only around 4% while the break in October was 10%.  If you have just been lugging stock this year from the long investment side then you have little padding while absolute strategies have already won.