Well, what else is there to do? There was no big news today, but plenty of worry - about oil, the dollar, credit woes, blah, blah, blah. The Dow finished down 211 points, to 12,799 (14,000 is looking mighty distant). The day was especially bad for the financials; Countrywide fell 8.4 percent to close at $9.42 a share and the locally based homebuilders did poorly as well. By the way, oil pulled back after flirting with $100 a barrel. (NYT)
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