The Market On Tuesday

At 6:40 a.m. futures are ever so slightly up, oil is up, and the dollar is mixed. Speaking of oil, the price per barrel has been remarkably stable in the $81 to $84 per barrel area. The projected oil bubble is not off and running quite yet.

Goldman will be revealing first quarter profits before the opening bell. The results are alleged to be off the hook.

The fraud charges against Goldman are still mentioned in the pre-market reports. Curious, remarkable, one would suspect that is water under the bridge. Some reports indicate that Goldman will settle, no undue attention is needed thank you very much. We predicted a public wrist slap and that's what it will be. May I suggest a symbolic fine of $1.

First quarter reports have been reasonably good, one would suspect that will continue today.

CNN: Stocks set for mild start

...investors awaited earnings from Goldman Sachs and any further fallout from the fraud charges levied against it by the SEC.


The fraud suit has weighed on Wall Street, although reports saying regulators were split on the decision to bring charges against Goldman helped lift investor sentiment.

Reuters: Oil rises above $82 on risk appetite, flights

U.S. government fraud accusations against Goldman Sachs have soured market sentiment since Friday, but European equities and U.S. stock futures edged higher, indicating investors are instead focusing on the bank's corporate earnings due later.


The previous day, Citigroup reported its best results since 2007...