Archived IMT (2010.04.19)

3-G MARKETOLOGY OF T|HE WEEK: Greece-Goldman-Growth(inChina); three major forces that could extend Friday's risk aversion play. EU/IMF will try to suppress the latest rebound in Greek bond spreads (from last week's 427 bps) with another teleconference this Monday to discuss the terms of a bail-out package (which Greece remains reluctant to use). TUESDAY will see another 1.5 bln EUR bond issue, while Goldman Sachs will report earnings (also Tuesday) in the midst of the SEC accusation, which could cost GS more than $800 mln in legal costs/fines/settlements-excluding any conviction consequences. Meanwhile, China upped the ante on cooling off its property bubble by raising down-payments and mortgage rates. Lets wait for details regarding new taxes on property buys.