Futures continue their downside move this evening. This is the first chance for the Asian markets to react to Friday’s GS spectacle. But the rest of the news isn’t that great….
The carnage of seizing banks continue….51 already this year. Regulators seize eight banks We’re on pace for twice as many closures as last year!
The SEC’s Fraud Case Against Goldman Seems VERY Weak
The SEC’s case against Goldman seems weak. The case against Tourre seems somewhat stronger, but it’s not no slam dunk.
Overall, based on a close reading of the evidence, the case against Goldman seems much less clear cut than the press and SEC are making it out to be.
Sometimes, entranced by the screens, watching equities, options and futures change colors, charts moving in a wave, and indicators pointing in every direction, I just have to scream....
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