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You're looking at a few hundred points on the Dow, which is bad but not a disaster. The big question is what happens after that. "If trading opens with everyone racing for the exits, capitulation selling could finally show up," Art Cashin, director of floor operations for UBS, said in his morning notes (CNBC). That suggests a bounceback, but no one is betting the house on it.
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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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.