gold, page-1305

Absolutely. But maybe only 5 points on S&P 500 (which I follow).
Bad news is good news. So no FOMC rate hikes on the (immediate) horizon - good for stocks. It's an old story.
"oil mega-merger deal collapses"...this was from the regulators, anti-trust....merger of Halliburton and Baker-Hughes.
http://www.bloomberg.com/news/artic...er-hughes-abandon-28-billion-merger-agreement
Which oilers are you referring to in bankruptcy and / or Chapter 11 (Bankruptcy protection from Creditors, to re-organize)? I must have been asleep! I know all the oilers there (but am not an oil and gas guy).

As I said, I don't see an equities bubble collapse, not yet I posted a long newsletter about this last night....the definition of a "bubble" and we ain't there yet, not until S&P 500 around 2,300, a 2-sigma (standard deviation) event. It was in reply to a question posed here "what is the economic definition of a bubble?" The Newsletter was from Jeremy Grantham of GMO. I've always liked him. At the onset of the tech crash of early 2000, he wrote of 17 year secular market cycles (approx, plus or minus) I've documented these cycles here before.
So late 2016, 2017 would appear to be reasonable.
The expectation is that S&P 500 at 2,300 is (will be ) over-valued by 50-60%