Bring on the Fed Rate Cuts-- Add Oil Prices to the Threat of Deflation

Crude Oil is up $1.03 now, less than 12 hours after two tankers were attacked in the Gulf of Oman.

How about today's pathetic price action as a signal that US fracking, OPEC cheating, excess supply and possibly sagging global demand are-- and will continue to be-- problematic for Oil prices short of all out war in the Mid East...

But wait. What if Oil prices do the opposite, and implode? What message might that send to equity investors?