Let's rally come tomorrow, as Kramer would say 'gitty up'.  Thanks to the relatively 'good' news from the Fed Asian stocks jumped Thursday for the first time in six days. The Fed said risks to U.S. growth have diminished, however those calming words can't help Michael Richards' career. June 26 (Bloomberg) -- Asian stocks rose for the first time in six days, led by financial stocks, after the Federal Reserve said ...

In ancient times, when mapmakers came to uncharted territory, they would scrawl: “Here There Be Dragons.”

Flash-forward to the 21st Century; oil markets went into uncharted territory on the charts last week. Friday’s dramatic spike up was the biggest one-day move EVER. Morgan Stanley now predicts that oil prices could hit $150 per barrel by the 4th of July.

The dragons are coming to dinner. Are Americans on the menu? More specifically, are you? Today, I’ll answer those questions and more.

Let’s start with …

How This Crisis Differs
From Past Oil Spikes

If you remember the last two oil crises — in 1973 and 1979 — you might be thinking: “well, these things end eventually.”

Maybe so, but there are big differences between then and now….