Transcripts for CNN The Lead With Jake Tapper 20150105 21:02

CNN The Lead With Jake Tapper January 5, 2015 21:02:00

correction from a recent high. the market did get hit in september and october. but it's interesting because each time the market got hit, investors came in to buy. keep in mind not saying what's happening today is a correction because what happened today was actually on what's considered low volume meaning there weren't many traders in the game. so it means that any move that they would make would be exaggerated. but one of the catalysts for this selloff, definitely oil prices. oil prices continuing in that free fall, closing below $50 a barrel for the first time since 2009 in april. and for wall street, let'sit's unsettling to see gas prices tank to be in this free fall especially when there's no sense of a bottom. i spoke with one oil analyst who says it's like the new york mets it's a bottoming process. >> interesting. obviously the silver lining in all this is the low gas prices. how low can they go?

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