Bad business news out today

There's some fairly bad economic news on at least three fronts today. First, Cisco says it's laying off 10% of its workforce or 6,500 people so that stinks. Second is that Bank of America is reporting a "huge loss". Finally, "Weak trading bites into Goldman profits," to the tune of a 9.1 billion dollar loss. Not good indicators, boys and girls, not good indicators at all. Think happy, hopeful thoughts. And keep cool, by all means.Links: http://www.reuters.com/article/2011/07/19/idUS268176494420110719; http://news.yahoo.com/bank-america-reports-9-1-bn-second-quarter-000502952.html; http://news.yahoo.com/goldman-investors-seek-answers-beyond-dreary-second-quarter-095310101.html