Financials down some here on GS news a few minutes ago -- Fed suing them for neglect and the like. FAZ getting a lift. However, here is briefing.com item on it:
"Goldman Sachs quickly recovers from lows... Fed action appears to be a negative, but it pertains to known issues in mortgage industry and relates to a legacy GS business that was sold by co "
But, likely not so good for other firms out there (and for now so seeing some pressure on C, MS, WFC, BAC, etc). Not sure how market will wash the out, but doesn't anything good to market sentiment (and w look very overbought after being up for so many days in a row. So maybe a good excuse to knock 'em down a notch. Mike
