DJIA up over 400 points on the day, which is the single largest one day gain in three years. Oil slides 4%.

Light, sweet crude for delivery in January CLF5, -3.03% fell $2.36, or 4.2%, to settle at $54.11 a barrel on the New York Mercantile Exchange.

That was oil’s lowest settlement since May 5, 2009. Futures traded as low as $54.05 and as high as $58.73 a barrel earlier.

Brent oil for February delivery LCOG5, -2.47% declined $1.91, or 3.1%, to finish at $59.27 a barrel on London’s ICE Futures exchange. That was Brent’s lowest settle value since May 19, 2009.

Europe and the rest of the world is shifting money into US stocks - a safety move. Oil prices dropping is part of the reason. The Fed statement is also pushing things as well.

Obama = Worst Socialist President EVER!