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Another 600+ points on the Dow? The explanation being offered is the tumble today in GM stock (S&P places General Motors & GMAC ratings on watch with negative implications), but there's no way that should lead to such a market-wide sell off. I was on the phone with economist Chris Thornberg as the numbers kept falling, and he said "We've moved from denial to hysteria."
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?
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.