GREECE
Clarity in Greece is needed before the market can be lowering volatility and therefore growth. Bankrupsy and restructuring is needed similar the to 80s Latin America debt restructuring. A second option is to remove Greece from the EU and back to a devaluating Dracma. Not likely option 2, but a short term solution none the less.
GOLDMAN
US Goverment vs. Fat Cats who allegedly destroyed our Market. Don't worry about Fannie Mae or Freddie Mac?
GOVERNMENT
Government regulation is evolving. Derivative regulations are eminent. Breakup the too big to fail financial companies? Then there are the unknowns that will sew future crises.
So, expect further market chaos and therefore lower markets for the next few days without a concrete solution here. If the EU presents a solution market risk will decrease and therefore expect a rising market, but not too old highs.
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