Stocks up sharply

One of those Rashomon days where different analysts look at the session in different ways. Earlier today Fed Chairman Ben Bernanke painted a still-worrisome view of the job market, which might sound like bad news except that it also ensures the central bank's continued policy of low interest rates - perhaps even more monetary easing - and Wall Street considers that to be a good thing. At the close, the Dow was up 160 points, to 13,241. Today's gains makes up for last week's down week.


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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Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Exit interview with Port of L.A.'s executive director
L.A. developers relying on foreign investors bend a few rules
Holiday shopping: On your marks, get set... spend!

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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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