Stocks get clobbered

Market was ugly all session, with the Dow suffering its largest loss of the year. The index fell 213 points, closing at 12,715. It was the fifth straight down day, which undoubtedly will have people wondering whether this might be more than a short-term bad spell. As usual, there are all sorts of theories about what's going on (centered mostly on Europe, the jobs market, and first-quarter earnings).