There are ancient evils that defy human comprehension, the tribulations of immortal elves, centuries-old prophesies, and nothing less than the fate of the world at stake.
Or to put it another way, fears about solvency of sovereigns translates into potential liquidity problems for banks - which can then turn the solvency fears into self-fulfilling prophesies.
The nearer-term position suggests the descent from recent multi-year highs is likely to continue into the summer, while the longer-term bullish play prophesies significant gains in the energy sector come fall.