Follow LA Observed on Twitter here
The Dow reached its 2008 low this morning, and then kept falling, on a bunch of icky news - a jump in oil prices, a drop in the dollar, downgrades of Citigroup and GM, a big earnings hit for Nike, and a worse-than-expected quarterly report from homebuilder Lennar (the company is being forced to cut prices to attract buyers). At last check, the Dow was off more than 200 points.
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.