» “Zen International” – Goldman’s Straw May Break “Bull’s” Back… Submit Press Releases

“Zen International”: Markets ignored US GDP numbers to focus on the prospect of criminal charges against Goldman Sachs.

“Zen International” analysts believe that the prospect of criminal charges being brought against executives at Wall Street bank, Goldman Sachs, may be the catalyst to a sharp corrective sell-off in equities which have continued to rally despite market concerns of venturing into over bought territory.

The bank and four of its executives recently gave evidence to a Senate committee led by Carl Levin of Michigan and “Zen International” believes that the evasiveness of some of the executives may have led to criminal charges being considered.

The financial sector has been under considerable pressure since the global financial crisis began 3 years ago but has been instrumental in leading the rally in equities from the March 2009 lows and “Zen International” analysts believe that the filing of criminal charges could spark a loss of confidence in the banks and increase the restrictions that the inevitable regulatory changes planned by the Obama administration could impose on the industry.

“Zen International” are thought to believe that the combination of both Goldman charges and the threat of contagion from the Greek debt crisis could overshadow even positive economic data and prompt a reversal of the gains made in recent months.