A Nervous Wednesday

Hurricane Rita is now a category 5 storm and is still tracking for Texas. Around Jackson, the lines at the pump began forming again, as everyone anticipates the effects on oil production. Wall Street is also nervous, with markets dropping 1% or more. While the economy has been resilient through Katrina, there is concern that things may not hold up as well with hit number 2. The rest of the week will probably follow suit. The storm is expected to come ashore on Friday, so don't expect to see any calming of the nerves until next week. Dow -103.49 NASDAQ -24.69 S&P 500 -11.14