There's probably not much point to saying anything when this article has already done that for us. The leading cause of market declines and failed first dates, is Bad Breath.
Here's the link to Karl Denninger's webpage where he posts a WSJ interview with Treasury Secretary Geithner. Of particular interest to me was Geithner's 'expressiveness' over defending himself against the claim that he worked for Goldman Sachs. You've been baited Mr. Secy. No, you didn't ever work for Goldman Sachs, but what you are failing to tell the Public is that you sailed with these guys every weekend at the Larchmont YC for the past decades and know them intimately. Starboard! [more]
In a Wall Street Journal Article, accusations that Goldman Sachs is at it again have resurfaced in the MSM. How come none of this is the least bit surprising? Were we expecting them to GET religion on the HFT Trading Issue, the 'flash' order scandal, or their Crony Capitalism strategies they are utilizing in packing the US Treasury and Government with their own Alumni? Now, The Wall Street Journal has shown that their 'stock recommendations' are insider deals as well. Where does the Chain of Fraud end? Maybe it doesn't. [more]
With the Hang Seng now down 667 points overnight and the Nikkei down 300, that should about settle the issue of whether we are going up or down in Equity Markets. I had thought that the Bond Market had already made that pretty clear in it's decline of the previous week...but maybe that's just me. [more]