Yesterday was a good day for the bears, but there was such a blizzard of information it was hard to keep it all straight. The sidebar must have turned over at least once, so this post will mostly just try to capture links to a few of the stories covering some of the important themes. WireGuy P. Jackson was one of many writers  who posted  trying to make sense of number 16 (according to Implode-O-Meter) subprimer NovaStar Mortgage’s 4Q earnings reports released late Tuesday. After the company’s stock imploded on Wednesday, losing about a third of its value, NovaStar issued a press release  correcting the near-universal impression it had warned it would not have any profit to speak of until about 2011. The new story was they had been talking about not receiving taxable income profit, but still expected GAAP earnings. AP corrected  their own story in accordance with this clarification and given the massive stock-moves based on this nuance, litigation is certainly not out of the question. Be that as it may, there was certainly a stock event yesterday. My question: How many more subprimers will Go NovaStar when they lay their own new challenges on the table?