The American economy is expanding at a healthy rate and more workers are employed. But, the Markets are not paying attention. Instead, they are focusing on:
1. Will Greece agree to reform its finances?
2. EU – will it survive the current crisis?
3. European banks – will they become the next Lehman Brothers?
4. What caused the Stock Market’s 800 point plunge in a matter of minutes?
5. FinReg – how will Congress change the financial industry landscape?
6. Will criminal charges be levied against Goldman Sachs?
In other words, the Market’s plate was so full last week that the market could not concentrate on the good news in the U.S. economy.