10%+ Down Days for Goldman Sachs (GS)

Today was the fifth worst day in Goldman Sachs' (GS) history as a publicly traded company.  Its worst one-day decline came on January 20th, 2009 when it fell 18.96%.  Below we highlight all one-day declines of 10% or more for Goldman since it went public in 1999.  As shown, the average return on the day after 10%+ declines has been 3.06%.  But the day after has been positive just 50% of the time.  The stock has done extremely well in the week following these big down days.  Of the twelve prior 10%+ one-day declines for GS, the stock has gone higher over the next week 10 times for an average gain of 11.37%. 

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