Just a quick note on the price of oil...
There are some reasonably decent things going on right now on the technical charts. First, a pretty solid double bottom (or W if you prefer) has been established over the last few weeks. And now we are breaching the long, and well established, downward trendline that has been in place since this #### show started in the summer of 2014.
If it (light crude to be specific) can verify/hold a position north of the 34.50-34.80 range over the next day or two, look for it to then test the 37.75 low from last summer.
To be really optimistic, a breach of that would open the door for a run back up to the $50 level.
Dare to dream, Arnold. Dare to dream.
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