Markets fall as massive stimulus moves forward

So reports the AP on creeping inflation:

SIOUX FALLS, S.D. – Oil prices fell alongside the broader markets Tuesday after the Obama administration announced a program that could raise more than $1 trillion in public and private funds to revive the economy.

The Dow Jones industrials fell nearly 300 points after Treasury Secretary Timothy Geithner unveiled the rescue plan, and light, sweet crude for March delivery fell 83 cents to $38.73 a barrel on the New York Mercantile Exchange.

Phil Flynn, an analyst at Alaron Trading Corp., said investors seem to have concerns about the inflationary effects of all this spending.

“People are running to gold as a reaction to the speech and are running away from the stock market. And of course that’s pressuring the oil down,” he said.