Widespread Fear as Crude Oil Helps Send Stocks into Correction Mode

May 22, 2008

Thanks to a parabolic move in Crude Oil, Financials and continued weakness in home builders have pulled the overall market into correction mode. The overwhelming fear is the consumer will not be able to handle Crude Oil at $135 a barrel. Most notably is gasoline consumption, with a gallon of unleaded 87 octane average in the high 3’s and low to mid 4’s how much can they handle? Is this just all fear driven and can the US consumer adjust their habits? Regardless of what I think Financial … [visit site to read more]

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