Stocks take U-turn

What started as a good-sized rally is ending on a sour note, with the Dow down around 100 points with just a few minutes of trading to go. There are lots of explanations making the rounds, from a rising dollar to falling commodity prices to more worries about Bank of America being able to repay its bailout funds. Pick your poison. Here's a quote from a WSJ story that sums things up:

"The action today is very impulsive and that has added a little more credence to the fear there could be a larger correction in equity markets coming," said Christian Bendixen, director of technical research for Bay Crest Partners.

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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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