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The last 30 minutes were very ugly - seems like the stock market is finally catching up to the reality of the economy, and the possibility that things might not pick up in the second half of the year. Dow is now well under 12,000. Meanwhile, the safe havens continue to be busy, with gold priced at a whopping $1,658.
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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Bobcat crossing
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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.