There are talks about government intervention, for instance to tap into the oil reserves, (which by the way have little or no impact on a broader perspective) but at least it's an effort and and an acknowledgement by the US government oil prices are at a level where they shouldn't be. Economic recovery is (and should be) on everyones agenda and surging prices at the pump is certainly not helping a already badly hurting, coming out of the great recession economy.
I see the things that happened today on the global markets as very positive, as of this time of writing the Asian markets confirm my analysis. Stocks gain value amid high oil prices which confirms investors overall aren't scared by it. In a broader sense, not everyone can be as stupid to think the market is at an upswing.
With that said I am once again bullish on DIA and SPY, in fact, I bought SPY yesterday. Also bullish on Sprint S, because of the possible take over bid of T-Mobile, which would make it become one of the three giants of the telecom industry in the United States. (Verizon V and AT&T ATT)
Oil, USO I sold; I think it reached its peak, and it's time to cash in the profits. (chart below)