Bet you never thought you'd see a headline like that, eh? Not that we're suggesting anything, but it just so happens that the Dow lost almost 200 points on the day that PH was released from the pokey, and it's now up around 150 points on the day that she was ordered back in. For stock watchers in search of more conventional explanations, bond yields fell a bit after yesterday's runup, McDonald's had a good May, and National Semiconductor posted better-than-expected earnings. Locally, most everybody did well today, but many of the gains didn't make up for yesterday's losses.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the HomogenoceneOne last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing
New at LA Observed
On the Politics Page
Go to Politics
Sign up for daily email from LA Observed