Looks like we get a whole trading day on Monday to watch what happens as a result of the Sunday night pronouncements. More scary talk on the financial news networks about the national debt limits, designed to be oooowwwee ooooowwweeee doesn't help keep the herd from being spooked.
The joke is the selloff will continue for "losers" in the weeks ahead, to take advantage of the tax write off, the same logic I used to describe corporate mentality in high tax environments as "might as well hire" might get something back. Worked 1946 to 1981. Motivated me to split some expenses into 2013 where they might do "more good" as a writeoff.
See how that works? See you Monday on the sunny side of the selloff.