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Market Update

Today’s market suffered heavy risk aversion sell offs as Germany said that the aid package for Greece is “not yet a done deal”, plus ratings downgrade of both Greece and Portugal’s sovereign credit worthiness, created the perfect storm that we haven’t seen for quite a while…

The heart of the matter is simple, and it could be summarized up in just one word: “Elections”…  As German politicians campaign for re-elections, aid for Greece became a political tool used to sway public opinion…


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Market Update – April 26, 2010

by Henry Liu on April 26, 2010

Last week was indeed a roller-coaster week as the week started with the aftermath of SEC vs. Goldman Sachs, then with President Obama announcement of the Financial Overhaul bill, the widened spread of Greece bond to record levels, and ended with week with Greece calling on the activation of the aid package.


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