United States

Submitted by Michael Snyder via The Economic Collapse blog,

Following Saudi threats to destabilize the financial system if the US were to enact a Bill that would allow an investigation into Saudi Arabia's support of September 11 terrorist attacks, many were watching closely how Obama would react. The president made it clear last night when as CNN reports, the White House threatened to veto the bipartisan bill to let families victimized by the 9/11 terrorist attacks sue Saudi Arabia while a GOP senator privately sought to block the measure.

"Low oil price is a function of excessive supply+true demand realization" - Reggie Middleton

A massive Taliban suicide bomb as well as a gun attack on a government security office in central Kabul near the US embassy during rush hour on Tuesday killed at least 28 people and wounded more than 320 in Afghanistan earlier today, a week after the militant group announced a spring offensive.

President Ashraf Ghani condemned the assault "in the strongest possible terms" in a statement from the presidential palace, only a few hundred meters away from the scene of the blast in the Afghan capital.

If asking traders where stocks and oil would be trading one day after a weekend in which the Doha OPEC meeting resulted in a spectacular failure, few if any would have said the S&P would be over 2,100, WTI would be back over $40 and the VIX would be about to drop to 12 and yet that is precisely where the the S&P500 is set to open today, hitting Goldman's year end target 8 months early, and oblivious of the latest batch of poor earnings news, this time from Intel and Netflix, both of which are sharply down overnight.