Inflationary Tuesday

A Fed official said the dreaded words out loud, "high inflation", and stocks ran for cover. Oil prices continue to climb as I watch the price at the pump cross the $3 mark. This, along with the expectations for home heating oil this winter, has some economists spooked. BP announced a shortfall in profits due to the hurricanes. The question mark in all this is the consumer. Will we slow down our spending in reaction to the rising prices? It was all red today. Dow -94.37 NASDAQ -16.07 S&P 500 -12.23