Great day to be a bear, as the market sold off today, erasing yesterday's gains. Most of the fear was based on the news released that Goldman Sachs could face criminal charges too. Originally, they were just civil charges... which is no big deal to Goldman, because they have plenty of money to pay any fines.
But criminal is another story, as somebody could go to jail. That's what I'd love to see, but I think it's more smoke and mirrors then actual arrests.
I'll do a weekend post that will be more in depth, with what I'm seeing for next week. I do think we will bounce up on Monday, at least in the morning. That's assuming no more negative news is released over the weekend. That's the wildcard that no one can see.
Anyway, have a great weekend...