Fraud Goldman Sachs, Wall Street crushing o'clock!

NEW YORK - Despite the past five days in advance is always experienced reinforcement, the index on the "Wall Street" tumbled in trading closed on the weekend. Fraud cases that happen (fraud) that allegedly committed "Goldman Sachs" and the projected worst U.S. financial statement issuers snapper are suspected to be the main reason.

as quoted from Reuters, on Saturday April 17, 2010, investors chose to secure its investment first. Decline in the stock index was the biggest in nearly two months.

Index "Dow Jones' fall by 125.91 points, or 1.13 percent at 11018.66. Index Standard & Poor's 500 fell 19.54 points, or 1.61 percent to a level of 1192.14. Similarly, the Nasdaq composite index fell 34.43 points, or 1.37 percent to 2481.26 position.

Goldman's own shares have declined by 13 percent to $ 160, 89. This is the worst record since January 2009, where as many as over 100 million shares released to investors.

This occurred after the Securities and Exchange Commission (SEC) said one of the largest firms on Wall Street inveetasi are committed fraud in debt-related products subprime mortgage.

"It will take a long time for market participants to digest this problem. They (investors) would think if this can happen with Goldman, would be able to happen also with other banks," said president of Global Investment Trends, Tom Lydon, in Newport Beach, California.

As a result, shares in the financial sector worldwide has experienced a decrease due to investors who flocked out of the market. Looks investment bank Morgan Stanley are also falling as much as 4.7 percent to $ 29, 42 while the KBW bank index fell 3.6 percent. CBOE Volatility index also measures the level of investor worries Wall Street rose by as much as 16 percent.