The pullback in global markets that we were expecting came in dramatic fashion last week. The U.S. stock market's six-session streak of gains ended following news that the Securities and Exchange Commission (SEC) has levied fraud charges against Goldman Sachs. The NYSE composite dropped 1.7% and the S&P 500 fell 1.6%. Goldman Sachs dived 13% in more than nine times its average volume.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers: