The oil is taking off/Dow Jones comment

The Intraday peak was at 117.43US$:

Another huge problem is growing again-high energy prices.The oil is likely at least 40% overrated and is even climbing temporarily further.
This probably continuing prise increase of "The blood of a economy"-the oil is among the worst for the flagging global economy.:(
Therefore i still stick to my prediction of a continuing bearish market and aspect a significant drop once the Dow Jones is looking at the 12000 from benith-only 71 points to go anymore after yesterdays drop.:(