A while back, Karen DeCoster said that the Crocs craze was related to the easy money regime of the fed and the unsustainable boom.  Now that the hammer is down in the economy, Crocs is on its last legs, according to the Washington Post.  Declares one analyst:

“The company’s toast,” said Damon Vickers, who manages an investment fund at Nine Points Capital Partners in Seattle. “They’re zombie-ish. They’re dead and they don’t know it.”

Guess that is why we call this a “correction.”