It was not great, just good. The consumer spent a little better than many expected. Consumer confidence improved as oil prices pulled back. The economy is still doing pretty well.

It seems that the oil industry is making a real good start at coming back, ... It's a vote of confidence on the repairs.

They've been burned before. If oil companies had confidence in $40 oil, we would see a substantial increase in development and production.

The market has a high degree of confidence the Fed will avoid

This has sparked serious loss of confidence in the government's capacity to protect the oil industry. These guys have taken out 10 percent of Nigeria's oil production without having any of their members killed or captured.

Consumers are beginning to feel the impact of higher oil prices in their pockets. Less confidence means less spending and no wonder we have been seeing shares of retailers and banks faltering.