This is the moment of truth for the financial markets as we know it, heading into Wednesday. Pres. to come down with some rules and GS is not like it one bit. Also, with the TARP payback approved it will hit their bottom line. We see GS under $140 per share by friday, however we also are covering the long side just in case of something else happens. Mutual and Hedge Funds will be cleaning up their statement for the end of quarter, to clients.

GS closed at the 20MA and June 17, 2009 is the day for earnings announcement, however, we think that the may delay, even thou it is after market close on Wednesday. Lots of things happening this week. No prop programs came in at the last few min. of the market so. We will see what transpire in the come days of options expiration on Friday.