Huge day for stocks

The Dow gains 203 points and is back over the 10,000 mark as investors parse whatever good news they can get their hands on. Today it was a decent showing by retailers in October, a decline in weekly jobless claims, and some positive comments by Cisco CEO John Chambers (that really pushed up tech issues). Timing is interesting - tomorrow the government reports October job numbers that will likely show a higher unemployment rate (they're talking close to 10 percent) but lower job losses. Place your bets. (Bloomberg)


More by Mark Lacter:
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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
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Next story: Unemployment at 10.2%

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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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