It was bad from the opening bell and just got worse as a bunch of pretty awful economic reports came out (AP). No one seems very enthused about those better-than-expected results from Black Friday. Perhaps another factor was profit-taking from last week's mini-rally. There obviously is no appetite out there to buy and hold.
More by Mark Lacter:
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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
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