By | April 20 2010 11:47 PM

Daily Outlook: The market is still teetering on the theme of risk. On one hand we have Greece, with Portugal, Italy, Ireland and Spain not too far behind, threatening the unity of the European Union. In the states we have more financial trouble (Goldman Sachs) and financial reform coming.  At the end of the day I think both are a bit overdone subjects, though the dissolution of a union definitely outweighs a banking scandal. Fundanentally I am looking for a bit of capitulation on risk trades before a return of risk appetite (Euro positive).