Blame It On Goldman

Apparently, it was too much to ask for the market to deliver another day of gains. With oversold conditions worked off, the market just didn't have any mojo.

While the Nasdogs tried to lead the market higher, ultimately weakness in the financials weighed everything down. Goldman Sachs' warning that the credit crisis won't peak until early next year and its prediction that banks may have to raise another $65 billion in cash wasn't exactly what the market wanted to hear.

The best thing about this market is that it is providing me with an excellent opportunity to work on my golf game. The weather was near perfect this afternoon (a rare event) so I took full advantage. Golf is a lot cheaper and a whole lot more fun than getting chewed up in this choppy action.