Oil down.  Euro down.

Deflation is such a theoretical concept.  It should be called "Saving".

You save when you think prices are going down.  And, gosh almighty, they go down!

To prove me wrong, you have to point to an area where prices, in dollars, are going up.

Housing?  The stock market?  Try harder.

A key question: when US consumers get a taste of the benefits of not having to spend as much money on oil this winter, are they going to blow it all at the mall?   Not so much.

[We're still sinking on Friday. Guess people don't want to be long over the weekend. The theory that this is all an interest rate scare because of good economic news will certainly be put to the test. Hope it's right!]