10/6/2011 11:20 PM

Ok, so I just read the news and saw the US & European Indices. European Indices down by 1% to 2%. Dow Jones currently down by about 1.2%. Looks like the "rebound" is over. All this because Saudi Arabia is flexing its muscles and is intent on increasing oil production even though the OPEC summit didn't reach an agreement. Crude oil dropped below $100. However, Mark Mobius said that he's confident about SET even though there's political uncertainty. Seems like global politics is more like a contest to see who can be the most arrogant and get away with it. Every country is saying that they have some sort of leverage over the world and they're willing to use it. Globalization at its finest...