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first because it was a highly volatile day. we had swing of 346 points from high to low, big moves. why is the market so volatile right now? i think fear. fear drives markets. when you see russia raise that rate up six 1/2 basis that is pretty impressive. they re in a little bit of trouble. gerri: what you re talking about russia s national bank essentially took interest rates to 17% overnight. that was unstabling. but we had oil prices actually come down a couple of cents here. i think that that the next quarter will show up with the consumer. the middle class will benefit big time and small business own years john, let s get to that. i thought falling oil prices, we had them go up only a couple of cents today. i thought falling oil prices was good news for all of us, for consumers, country and economist. yet the market seems to think it is bad news. i don t understand. why? i don t either. i think the market is very fearful that price deflation might spread from ....
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