Market slumps - let's eat

Well, what else is there to do? There was no big news today, but plenty of worry - about oil, the dollar, credit woes, blah, blah, blah. The Dow finished down 211 points, to 12,799 (14,000 is looking mighty distant). The day was especially bad for the financials; Countrywide fell 8.4 percent to close at $9.42 a share and the locally based homebuilders did poorly as well. By the way, oil pulled back after flirting with $100 a barrel. (NYT)

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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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