Big day for stocks

The Dow gained another 102 points and is now at a 17-month high of 10,888. It's risen 10 of the last 12 sessions. Caterpillar, which is often a bellwether of economic activity, was up 4 percent. But there's nothing all that different about the recent batch of economic reports - just the belief among enough investors that it's better to be a buyer than a seller.


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?
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Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
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'I Am Woman,' hear them roar
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Next story: Shopping habits change

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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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