Is Goldman Sachs a crooked bank?
If you visited Dow Live yesterday you would have found us proposing a positive friday, perhaps even a bit of a rally. How ironic that Goldman Sachs, after being a central entity in the earlier collapse, now also manages to break the slight grain of positive movement the markets have seen lateley.
Charged with fraud by the SEC, Goldman Sachs once again influences the markets in a negative way and as the mega bank drops, it exherts a gravitational pull on most other markets.
Fraud or not, Goldman Sachs is certainly not as straight as they would like to be seen. Lesser scandals have toppled bigger players in financial history, so keeping an eye on how this one develops might be a wise idea.
Asia is dropping more than the Dow, that closed at 11035. S&P 500 took the hardest hit in backing 1.46% which is on par with most Asian markets. As nother financial calamity hits us, the Dow is showing a bit more strength and closing over the 11000 milestone mark is good to see.
Related posts:
Seed Newsvine
