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Dow finished the day down 107 points, to 12,105. Oil prices were trading at close to $100 a barrel in NY, which got everybody's attention, and Hewlett-Packard reported disappointing sales, which was also a cause for concern. Or perhaps it was just faux concern - investors had been waiting for an excuse to put the brakes on the sustained rally. Of course, if oil prices keep going up, we could be in for a protracted period of selling.
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
Crazy opening for Twitter*
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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.