It has been a very tentative start to the day in Asia after NY preferred to concentrate on the positives (Citigroup earnings) and thus ignoring the Goldman Sachs fraud case knowing that it will take weeks to play out. The “money honey” on CNBC got caught out this morning interviewing an investor who make a “truckload” of money shorting the CDOs. Thinking that the guest would be on the side of Goldman’s he replied the fraud action by the SEC ( litigation document )read like a scrip for the movie “The Sting”. All up today however look for modest short covering moves until Europe arrives when everything Greeck roars back into focus.