Down another 500

The Dow has reached the depths of 9450 or thereabouts. Maybe one day you can tell your grandchildren about the time when it stood at 14,000+. What's amazing about today is how Fed Chairman Ben Bernanke strongly suggested during a speech that interest rates would be cut again - the kind of news that in other times would move up the markets. Not now. "At this point it just doesn’t seem to be doing it. It’s the attitude of sell regardless of what the news is," Steve Sachs, director of trading at Rydex Investments, told the NYT.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal 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 Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing
Previous story: *Censoring NBC clip?

Next story: Making sense of it all

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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