. >> we have doug kote, chief market strategist with ing investment management and michael nor man.hat seems to be damaging the stock market. do you think jack is right? >> no, i don't think so. if you look at economic data beating expectations on corporate profits, on the consumer, look at the consumer. unemployment is plum etting. it's a leading indicator. i think jobs are way more important than gasoline prices. also, if you compare the meaning of oil to 1980 until today, it takes two-thirds less oil to produce a dollar gkp. that's not commonly understood. >> oil is less significant today is it possible that we're all getting bamboozled? that maybe if crude oil chrks fell today, is flattening out and even coming down a little bit. we're all too pessimistic about rising gasoline prices. is this a fake out? my gas prices have been leveling off if not declining a little bit. >> and actually, if you look at the data, retail sales, even when you take out the gasoline, pretty decent. we've had some moderation in, you know, the first couple of months of the year. but the economy is is s