GT - every hundred points down on the NAZ puts Kelley closer to the White House.
As for the oil price I don't believe this is anyone targetting the US or Europe it is just markets overdoing things as usual and traders getting in on the act. No doubt many of the oil buyers are US traders and hedge funds.
This kind of thing happenms in commodities from time to time and now its oil. Last year it was gold, next year who knows what.
Meantime there is a global expansion going on and business is good despite the smoke and noise from the markets here.
The Japanese economy is expanding, the whoe of Asia is expanding and so is India, so is Russia and so is the US. That is enough to keep the economny expanding. The oil price spike is just that, a spike and oil will return to the $30s sooner or later.
L
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