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Front of the price of oil. now it's 66.98. once it's below 60 bucks it's good for you the consumer. bad for producers. a lot of our production is fracking. fracking is more expensive like in texas and saudi arabia getting oil gushing out of the ground. that costs 20 bucks a barrel depe depend on what your fixed costs of. fracking requires the price of oil to be a little higher so we're a little perplexed as to what the president was tweeting about but i figured it's a good opportunity to get you up to speed. this is about where world experts had thought oil prices would be right now. $66.98, $...

Numbers, percentage losses at more than we are right now but a few minutes ago we were in the 6 as a percentage loss. we have to go back to 2008 to see numbers like that. it was 7.7 and on september 29th, 6.98. and they were obvious. you knew in september of 2008 why the dow was doing what it was doing because nobody trusted anybody and nobody was lending to anyone and the bottom falling out of the financial and economic world as we knew it. and we're at a different place. >> and there was the day -- they failed to pass the tarp -- >> and kno-- none of that is at play. and we've the political ...

And the market is feeling it. >> let's put this in perspective. right now out about 4%. but we were down 6%. we have to get to 6.98% to make it into the top 20 percentage lots on the do you but we weren't at 6.98% and this feels different because we haven't seen the pullbacks because of the euphoria you are talking about, the investor head in the sand that we've ignored normal things happening. >> and ali, the administration likes to knock the obama administration all of the time by the economy since the crisis. it was a slow and steady improvement and from a long-term investing standpoint, sl...