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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:
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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.