And once selling starts to spiral out of control, it is going to be incredibly difficult to stop.  On Monday, the Dow Jones Industrial Average fell 1,276 points.  That was the seventh biggest single day decline in history, and on a point basis it was actually larger than anything that we witnessed back in 2008.  Investors were bitterly disappointed by the monthly inflation report, because it showed that everything that the Fed has done so far has not worked.  It appears to be inevitable that the Fed will continue to raise interest rates in a desperate attempt to get inflation under control, and that has put Wall Street in a very sour mood.

The widespread selling that we saw on Tuesday was more than just a little bit frightening.  The Dow just kept plunging throughout the day, and the S&P 500 and the Nasdaq actually performed even worse than the Dow did…