Egypt's Uprising Affects the U.S. Stock Market. Oil Prices May Keep Going Up

Worldwide stocks sank the most since November, crude oil prices posted the largest jump since 2009 and the dollar rose versus the euro after protesters challenged Egyptian President 30-year rule.  Egypt’s dollar bonds sank, pushing yields to a record.  The turmoil in Egypt is affecting the United States and the global economy in a significant way.
This is just the beginning and the end result may be devastating.  The Suez Canal connects the Mediterranean and Red Sea.  It is located in Egypt.and it critical in the transportation of one million barrels of oil each day to Europe and other developed economies.  Egypt's cell phone service has since been restored after the government blocked it along with the internet in an attempt to try to stop the uprising, but communication was still spotty. The U.S. stock market dumped on Friday due to the uprising. Hosni Mubarak set a curfew that was ignored and the violence continued. Oil prices may continue to rise and we all know how that affects our wallets. Let's all hope the protesters calm down and get on with their life. The Middle East economy is critical to the U.S. economy and the global stock market. Cairo, please chill out.