Friday, April 16, 2010

Stocks skid after Goldman charge; VIX spikes

Charged and convicted are two different things.

Look, we are clamping down on "evil" Wall Street for the headlines. Meanwhile, behind the scenes they still run the show.

Yesterday's commentary Follow the Money: Stock Sentiment still applies today.

Wall Street tumbled on Friday after a slew of big company earnings failed to meet heightened expectations, while bank shares slid, led by Goldman Sachs after it was charged with fraud by the U.S. securities market regulator.

Source: finance.yahoo.com

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