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Friday
Dec112009

Goldman Sachs (GS) Underperforming Since the March 9th Low

It's hard to believe, but following the recent weakness in the stock, Goldman Sachs (GS) is actually underperforming the average stock in the S&P 500 Financial sector since the March lows.  As shown in the chart below, the stock has rallied by 125% since the S&P 500 made its closing low on March 9th.  Over that same time period, the average performance of the stocks in the S&P 500 Financial sector is a gain of 157%.  Who would have thought that the one publicly traded financial company that seemed to benefit the most from the Financial crisis (and some would say Washington rolodex) would be trailing the sector as a whole throughout the rally?


Goldman Sachs 121209


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Reader Comments (4)

Why would you want to put money into a company that steals from you every time they get your money?You really think this ship is going to right itself without the trust of the average American?You have under estimated the power of information.14 Years ago i knew very little how this country ran its financial business.Built my first computer 14 Years ago and discovered the internet.The Financial Community is making the same mistake the US made in Vietnam. Under estimating its people.
December 11, 2009 | Unregistered CommenterRuckus
Maybe fallout from all the negative press on GS. Looks like consolidation pattern. They're still the 800 lb. gorilla with the right contacts in DC.
December 12, 2009 | Unregistered CommenterThomas Miller
When the executives choose the company stock over cash, you know the stock is a buy right now! If you can't fight them, join them!
December 12, 2009 | Unregistered Commenterbb
Seems like a case of the hardest hit snapping back the hardest. Over 5 years GS is up 50% compared to a financial sector down 50% so seems there was less ground to recoup.
December 14, 2009 | Unregistered CommenterTWSInvestments

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