>> i wouldn't see it as a fee asko. this is politics at itself best.me and effort and there's a lot of friction involved. i think this is the normal process being worked out. i think what would give a lot of comfort to people in my position is whether or not the unfunded pension -- the unfunded liabilities are reduced and are likely to be reduced over time. >> sean, great to speak with you. >> thank you. >> we're now joined by carter here at the "options action" desk. always good to see. we're looking at a close of 1402. what are some of the levels that we need to defend in order to maintain the markets' run this year. >> i think we might be past that. meaning it's not about defending. this is a very bad tape. the month of december is up 70% of the time going back to the 1890s. we're down in the month almost 1%. it's the worst quarter of all 24 developed indices around the world. the tape itself, leading things like apple, like gold, the treasury bonds couldn't rally with this kind of down take. the yen acting continually very poorly. little potential