The Travel Stock Market Is a Multi-Variable Model

As gas prices fell I think a lot of people wanted to believe that then the travel stocks should do better especially airlines because their costs had gone down. Business travelers are not as price sensitive right and they're just not gonna pay it. American Express is also an aspect of you know credit risk that they take as opposed to a Visa and MasterCard American Express has credit risk so to the extent that things are going to deteriorate on that front we could see some new lows in this thing.