Stocks keep sliding... sliding... sliding

The Dow falls 155 points, to 12,442. That's 11 out of 12 days - and the last 30 minutes or so were especially bleak. There just isn't much appetite to buy stocks, especially with new concerns out of Greece. Meanwhile, the Facebook IPO is being priced at $38 a share, which is at the upper end of the projected range. That values the social network company at $104 billion. Facebook goes public on Friday.


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?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
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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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