A higher number on the SPX just equals higher oil prices to come. By the time the SPX gets to 1200 oil will be over $90 a barrel, maybe the markets will celebrate SPX 1200 and $100 barrel of oil, but on the other hand consumers wont be too happy paying over $3.00 a gallon and prices on goods and services related to the overvalued barrel of oil.
President just recycling the same thing over and over again about the creation of jobs, as I have been saying for the last 2 years, you CANNOT force jobs on an economy that cant even sustain itself on its own.