See, this is why Wall Street is so impossible. Here you have the best piece of economic news in well over a year and the Dow, after being up by about 150 points, finishes barely on the plus side. The reason has to do with interest rates. If the economy is really back on its feet, it means that the Fed has to start worrying about inflation and that could lead to higher rates. Eventually. The WSJ calls it "a breakdown in key relationships across financial markets." Right at the close, the Dow was up about 22 points.
More by Mark Lacter:
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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.
Mark Lacter created the LA Biz Observed blog in 2006. He posted 
until the day before his death on Nov. 13, 2013.