Now the reason is oil, oil and more oil. Oceans of the stuff, rivers, lakes, streams. It’s a far cry when, sometime around 1975 it was predicted the whole planet would be out of oil by 2005.

We won’t go as far as to call in the elite fractal experts from the math department at the University of Chicago in order to clarify the recent markets in terms of chaos theory, but let’s admit that right now everything seems topsy-turvy.

U.S. equities shrugged off a mammoth new jobs number, clinging instead to the rate ramifications of the swaggering data.