The not-so-wonderful employment report really did in the markets from the opening bell. But a lot of the selling may have been due to profit-taking opportunities (Wall Street has been on a mini-roll) rather than deep-seated concern about the direction of the economy. Frankly, stocks have had better days on far worse employment reports. The Dow closed at 13,038, down 168.
More by Mark Lacter:
What's the deal with Obama and medical marijuana?Bad day for stocks
The Romney supporter who says income inequality is a good thing
Don't look now, but Stockton's economy is turning around
Guilty plea in kickback case involving unemployment insurance
Recent Markets stories on LA Observed:
Bad day for stocksFriday morning headlines
Facebook goes public May 18 at $28-$35 a share
How did Herbalife's CEO become the nation's top-paid executive?
Thursday morning headlines
New at LA Observed
Follow us on Twitter
On the Media Page
Go to Media
On the Politics Page
Go to Politics
LA Biz Observed
Go to LA Biz Observed
Sign up for daily email from LA Observed

