Oil isn’t cheap, but my reading of the tea leaves is someone knows the Libya thing is close to an end.
Moody’s just downgraded Greek debt again. If you buy a Greek bond, you’ll earn 12.4% a year for 10 years – but today you lost 2.5% in one day. Moody’s says there is a 20% chance you’ll lose your money in 5 years or less. Do you feel lucky?
Ha ha ha! Greeks bearing gifts again? Haw haw haw!