RE: Just readin' In the Greenspan era easy money overheated the commodities and there is a good argument to be made that the absolute key that handed Bernanke the Lehman crisis and punctured the tires on the ridiculous credit bubble was $120bbl oil.
Just chance that the same weekend reports begin to trickle about commodities heating up again, gold starting to move after tire-spinning .... we are also served up another little tapas plate of fear-mongering over Cyprus of all places?
To quote a local idiot ... geeeeeeeesus .... Chinese cash diversions by wealthy citizens looking to store assets in other countries exceed $700 billion and by some estimates may be as high as $1.5 trillion annually.
Sorry, not buying the fear factor. But it is better to have a stable market than the kind of wild swings we saw through the last six years in commodities like oil, copper, nickel, uranium, iron, coal etc.,. And especially above all the biggest touchstone, oil. Stable oil pricing is good for everybody.
cg