Monday, April 19, 2010

Market Monday's

The big news last week was the SEC complaint filed against Goldman Sachs. We'll be dealing with that in much more detail later. However, this was the premier fundamental event last Friday -- and probably all week. But, notice that despite the large sell-off on Friday, all upwards sloping trend lines are still in place. The question going forward is will this hold or will the Goldman case create a strong enough shock wave to fundamentally alter the current basic market equation?