Hi!
just my 2 cents, based on my limited investment experience.
If a market wants to go up, good news are stressed and bad news ignored. If the market wants to go down, it is the other way around.
For example the IRS tax issue. As Death&Taxes has explained impeccably (search his posts) this is a non-issue for most payments and most people will not have a 25% or even 50% chunk bitten out of their gains either.
In a bull market, people would have said great, this means less money transmitter issues, great, now it is officially a commodity et cetera. Many, many good news are ignored at the moment.
People use bad news as excuses to cash out and feel good. 
Last time this happened, we went from 250 to 50, then for months it was a bear market. I can't make a prediction, but one thing is clear. This is a bear market and the sentiment needs to bottom out. Period.
Price is too high to buy and too low to sell, it needs to find a bottom first. If I needed cash right now, I would consider a cash extraction. It works by buying options on BTC price (what I mean is the following altcoins: LTC (leverage 4/3), PPC (4/3), NMC (2), FRC (5)) and selling BTC at the same time. So you I could sell 0.5 BTC for USD and sell 0.5 BTC for NMC, because NMC might raise 2x as much as BTC, if BTC goes up again. If BTC keeps going down, NMC would perform worse than BTC of course, it is like an option.
Just my opinion, not an investment advice.Cheers
Leo
