Poor day for stocks

Dow was in the red all day, down 115 points at the close. That follows Wednesday's 30-point loss. No telling what all this means (volume has been low all month), but several cross currents are at play: Fresh speculation that the Federal Reserve might not open up the money spigot next month (at least not as much as anticipated); ongoing worries about Europe (a Citi research report says there's a 90 percent chance that Greece will leave the Eurozone); and middling-to-positive U.S. economic news. Dow closed at 13,057, which is up 6.9 percent year to date.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
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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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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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