Goldman Sachs was down 19% today and that was a very good performance for a large cap financial. If you own financial shares, maybe today Obama was the sideshow.
There is some talk today about the feds eliminating or putting on hold mark to market rules, or FAS 157. How the regulators could get this done in an orderly fashion even if they're willing is beyond me. If they do do it, though, the banks whose common stocks aren't worthless are going to see those stocks go a lot higher.
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