Higher crude oil prices today appear to once again spoil the stock market party, as the price of crude has surged higher in the past 30 minutes. More terrorism in Nigeria and missile tests in Iran are given the blame.The Dow rally (see chart) has been cut almost in half! Note that the selling in this chart is more robust than the rally in the last one! Also, now that the testimony of Paulson and Bernanke are complete, the attention of Wall Street appears to have shifted.
