Wall Street stupidity

.... When did gas go to $3.50.... ? about the start of this slow down... late 2006.... The consumer hung on while the credit cards held out... about mid 2007... that was it..... Now gas after going to the low $3.00 is now back to $3.50... and is going to $4.00... With Credit, and with people manageing their budgets there is a lag...

but huge parts of the slow down are becuse of oil....

The crazy people who say oil has no effect... need a punch in the face.

People are buying smaller cars, getting rid of SUV's.... don't kid yourself that this isn't about oil... at least somewhat.