If there's bigger news in the morning about DHS launching criminal proceedings against Gox, yesterday's downswing will look mild. If the biggest BTC exchange loses the ability to do business with US clients, that's a _huge_ problem, and not at all a case of having weak hands or being too bearish.
Oh for sure. If they go after Gox directly...that's 80% of the market, frozen. These prices may make no sense to me at the moment but there is no way, I'd be keeping anything at Gox right now. You're just asking to lose it all. And nothing says they have to give it back either.
On a side note: This stuff is really fascinating. What a unique time in history.
The solution is to keep your assets in BTC in your own wallet, not as fiat or BTC in exchange accounts.
Which really is nothing new.