Truth be told, last week’s market tumult is not our kind of story.

The historic 554-point drop happened last Monday, the same day the Business Journal came out (and it just so happened that our front-page lead story was about an upbeat economic survey that was clearly upstaged by the news of the day).

By the middle of the week, the general media was giving the market troubles a full-court press, meaning that every last pundit holding a mutual fund had something to say, much of it overblown and ill-conceived.

What’s a weekly business paper to do? As you can see by the front page, we took the broader view of the market turmoil by focusing on L.A.’s critical ties to the Pacific Rim and how the problems in Asia might affect our area well after the current craziness settles down. And speaking of that craziness, we had a local broker chronicle, in his own words, what went on in his world last Monday and Tuesday. No pundits allowed.

In fact, nowhere in our “market” package will you run across any predictions on where the Dow might end up this week. If you were expecting as much, you’ve come to the wrong paper.

Mark Lacter

Editor