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Incredibly, stocks opened sharply lower in the opening minutes of trading - despite a coordinated move by central banks all over the world to cut interest rates by up to half a percent. But the Dow has made a quick turnaround and at last check was up more than 120 points (it's bouncing all over the place). Stocks are due for a big rally.
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.