FOG BLOG FINANCIAL NEWS LOG: DOW DIPS OVER 1100 PTS AMID FEARS OF RETAILERS NOT HITTING TARGETS!

The Dow Jones Industrial Average sank more than 1,100 points Wednesday, as big earnings misses by Target and other major retailers stoked investors' fears that surging inflation could cut deeply into corporate profits. Gas and diesel prices are playing a role. For consumers putting gas into their tanks supersedes spending in stores except for what is necessary and diesel is adding to the cost of delivering goods and services, so it becomes a vicious circle. Hopefully with big sell offs it will promote buying and the markets will bounce back .