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Could be a bad day

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.



More by Mark Lacter:
Barry Diller's many paychecks
Say hello to the marijuana vending machine - and it's made in California
Good tip for job candidates: Always ask questions
Former Calpers CEO charged with fraud*
The Walmart story that everyone is talking about
Recent stories on LA Observed:
Barry Diller's many paychecks
Say hello to the marijuana vending machine - and it's made in California
Good tip for job candidates: Always ask questions
Former Calpers CEO charged with fraud*
The Walmart story that everyone is talking about

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