The Dow has reached the depths of 9450 or thereabouts. Maybe one day you can tell your grandchildren about the time when it stood at 14,000+. What's amazing about today is how Fed Chairman Ben Bernanke strongly suggested during a speech that interest rates would be cut again - the kind of news that in other times would move up the markets. Not now. "At this point it just doesn’t seem to be doing it. It’s the attitude of sell regardless of what the news is," Steve Sachs, director of trading at Rydex Investments, told the NYT.
More by Mark Lacter:
Barry Diller's many paychecksSay 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 paychecksSay 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
New at LA Observed
Follow us on Twitter
On the Media Page
Go to Media
LA Biz Observed
Go to LA Biz Observed
Sign up for daily email from LA Observed
Space station makes the grab