Looks like the stock market is about to get a dose of reality. News that Apple is cutting iPhone production by 30% seems to have jarred traders that the recession is on.

Plenty of distractions in the news:

-Oregon standoff

-European immigration problem

-North Korea testing a Hydrogen bomb

-Star Wars

-Matin Shkreli, Pharma CEO bad boy

-Economic stats that don't mesh with reality

Edit1: -Iran and Saudi Arabia squabble

-Obama's Gun control issues

Edit2: Swiss Army General warns its citizens that need to arm themselves.

Edit3: 11pm, 6 Jan 15, China's Market crashes in 15 min after opening, closes down 7% for the day. World markets will be in trouble tomorrow morning.