Google's earnings report after the close of trading showed that while they beat the estimates pretty handily, growth is clearly showing due to a decrease in ad sales. Initially the stock traded over $20 higher to $400 + before ending at $388, up $9 on the day. any of the key financials closed lower, reversing earlier gains. Goldman, Wells Fargo,

Meridith Whitney, another of the top ranked bank analysts, and one that has been dead right on the insolvency issues surrounding the industry over the last couple of years, came on CNBC to say that the first quarter earnings results should not be as bad as some have feared.