No one was being rewarded for taking risk.

Investors are discounting the bad news. They are more concerned about the macroeconomic picture at hand.

Look at some of the targets these people had. They don’t carry any weight anymore.

This was the most anticipated SEC investigation in the history of the free world.

Anybody who had stepped up to the plate is stepping away. Clearly the bottom hasn’t been found yet.

It will put a short-term top on the stock. I think it marks the end of an era — the last remnant of excesses and looking at fundamentals through rose-colored glasses. Now people are going...