Stocks tumble again

Dow finished the day down 107 points, to 12,105. Oil prices were trading at close to $100 a barrel in NY, which got everybody's attention, and Hewlett-Packard reported disappointing sales, which was also a cause for concern. Or perhaps it was just faux concern - investors had been waiting for an excuse to put the brakes on the sustained rally. Of course, if oil prices keep going up, we could be in for a protracted period of selling.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal 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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Letter from Down Under: Welcome to the Homogenocene
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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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