Monday, April 26, 2010

The Market On Monday

At 7:20 a.m. futures are moderately up.

The articles express the investors concerns over Greece and its ongoing insolvency issues and the SEC's case against Goldman. With respect to Goldman, the investors are worried that the accusations could go beyond Goldman. In other words is this the tip of the iceberg.

Are you kidding me...

The week will be filled with corporate first quarter results.

If I were a politician I would be out there with slogans like - "Let's get America back to work" or "We need jobs in this country not bailouts" or "Washington DC has made itself rich and left you broke - let's make a difference and get some real change" or ....

CNN: Stocks headed for mild start
There are no economic reports due Monday, but the week ahead brings the Fed's two-day meeting on interest rates, reports on jobless claims, consumer confidence and gross domestic product.


...investors will likely focus on corporate results. The week brings results from 164 companies in the S&P 500.
Reuters: Stock futures up on Greece optimism, ahead of Caterpillar
...a Greek official said an aid package would help avert a sovereign debt default.

3 comments:

Glynn Kalara said...

Greece is no pun intended a slippery slope for the Euro. ;) as for men with Sachs of Gold ( AKA Goldman Sachs) it's just the tip of a very corrupt Iceberg many miles deep and it's a bit late for the SEC to basically try and go back now and try to figure out why they left the barn door open and where all the horses are. My guess is Congress will either just round up all the usual suspects ( find some minor fall guy or it will lightly slap Goldman and the others on their wrists. Then they'll write a weak bill and allow them to rob us again. Wash, Rinse and repeat.

Jim Sande said...

Sounds about right to me as well. Its all a spectacle for the masses. It occurs to me that its only a fight for control among a few elite who use the rhetoric of the masses but mean something completely different.

Glynn Kalara said...

Yea, words from these peoples mouths are meaningless in the conventional sense. The aristocracy has us all by the short hairs now. If they don't want a middle class anymore that's the way it's going to go in the future. I think they hate having a middle class and have decided to reduce most of us to poverty. It's easier to keep control of a hungry sullen mob that hates u because they're to busy looking through dumpsters to be of any real harm. The more wretched we become the better it is for them.