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Financial news I consider important, with my opinion, which is worth as much as you paid for it.
Please click HERE to read a synopsis of my view of the financial situation.

Monday, July 27, 2009

Market Comments

If you haven't done so, please read Sundays post (click)

Good charts on where the market stands, and how over-the-top critical this week will be:

Some other items to read, blog entry on retracement levels

Some good news is , more systematic corruption is entering the mainstream, as US Senator Charles Schumer wants to change laws to prevent market manipulation by using computers housed "right next to" market trading systems to front run/trader with computers with high speed access.

The more of this type of corruption is exposed and corrected, the more optimistic I will become with US economic future. So far, these types of discussions are helpful, but not until they are instituted and enforced will I gain optimism. Cleaning up wall street trading practices, FASB rule changes previously mention, and CDS exchange traded contracts, would be a great start.

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