[MRM]

Just wait 'til spring. The $100 a barrel oil that is being drilled now is still on tankers coming to the US. When the full price of crude hits in the spring, about the time that gas demand spikes for the season, and the stock market is in full spasm after the credit crunch reaches its peak, $5 gas will make SUV sales tumble.

I just bought a lake place. I'm in a market for a nice late model SUV that can tow a boat and carry the family (5) plus the dog and my mother in law and a bunch of stuff. I'm dying to pull the trigger but I know anything that looks good now will be 30% off in the spring.

I have been looking at 2002 and later 911s more or less seriously for three or four years. To that I have more recently added mid to large SUVs and the odd nice luxomobile to replace the family truckster. My sense is that the market has softened across the board. I think this is more than a seasonal shift. I think the market is selling off now in anticipation of a real bear market when the weather turns warm.