The debt ceiling fight is next and in all likelihood will generate a US debt downgrade that will push the S&P below 1300.
RE: Terex - it had a 4 day, 11% bump from a low of 23.69 to a high of 26.35 at the beginning of December, supposedly on Cliff optimism. I don't see that bump as fundamental but as short-term momentum. I expect TEX to be trading under 24 again before January 31. But we'll see. It could pop to 28 by January 11th first.