from Calculated Risk by CalculatedRisk
First, housing economist Tom Lawler will be on CNBC around 4:15 PM ET with Maria Bartoromo to discuss the expiration of the housing tax credit.
Second, Goldman is having a bad day, from Dow Jones: Goldman Sachs Shares, Bonds Slide On Criminal Probe
The stock has slumped more than 20% since the Securities and Exchange Commission filed civil securities-fraud charges against the company two weeks ago. Analystssaid they see little near-term upside for the shares. The Wall Street Journal’s report late Thursday that the Justice Department is conducting a criminal investigation into whether Goldman or its employees committed securities fraud in connection with mortgage trading pushed the stock down …
Goldman is off almost 10% today.
Click on graph for larger image in new window.
And from Doug Short:
This graph from Doug is titled: “Four Bad Bears”.
Note that the Great Depression crash is based on the DOW; the three others are for the S&P 500.
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