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Chart of the Day: S&P500 following Gasoline Price Surges
Posted By Barry Ritholtz On September 3, 2005 @ 6:55 am In Commodities,Economy,Markets | Comments Disabled
Chart of the Day looks at how the stock market has responded to significant increases in gasoline prices over the past 25 years.
Source: Chart of the Day 
Its apparent the stock market struggles following a
year-over-year increase of more than 15%. Gasoline has increased well
over 15% over the past 12 months and has the potential of negatively
impacting consumer spending. For example, a recent California poll
shows that 40% have cut back on spending as a result of high gasoline
This is consistent with an Opinion Research Corporation  survey cited by ICSC.org .
It showed that 58% of households are reducing their discretionary
spending on clothing, shoes, jewelry and consumer electronics, as well
as restaurants, spa and beauty services, and other nonessential
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2005/09/chart-of-the-day-sp500-following-gasoline-price-surges/
URLs in this post:
 Image: http://bigpicture.typepad.com/photos/uncategorized/20050902.gif
 Image: http://bigpicture.typepad.com/photos/uncategorized/20050902b.gif
 Chart of the Day: http://www.chartoftheday.com/20050902.htm?t
 Opinion Research Corporation: http://opinionresearch.com/default.aspx
 cited by ICSC.org: http://www.icsc.org/srch/apps/newsdsp.php?storyid=1963®ion=main
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