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Pretty good earnings and economics news made for a strong day. Also helping was some stability in oil prices. Egyptian situation still seems quite shaky, even with Mubarak saying he won't run again, but investors were obviously thinking positive thoughts. Dow finishes up 148 points, to 12,040. It's the first time the index has closed above 12,000 in two-and-a- half years.
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.