1st of Month Winning Streak Ends!

Ben Bernanke says that costly oil poses no great risk to the economy.

I don't believe that.

I think that you and I will continue to fuel up, bit will cut back on other things. And that's where we were in 2008 while the stock market was on its way to 666 in the SP500.

If that happens again, I think there is great risk to the economy. Imagine the pain of pension funds then, for example.
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First of the month win streak ended today. The Dow and NASDAQ were pounded, but the SP500 was basically flat.