Goldman Sachs recently broke its uptrend.
It will be very interesting to see if Goldman can gets it barrings back in line. It looks like they paid back the $10 Billion in TARP on Wednesday. So that news is already factored in.
Goldman is also set to release earnings on July 13Th. Most of these companies paying back TARP, will have to take hefty charges to earnings, most of which is not currently factored in.
Goldman has been on a tear the last 3 months or so, it is currently trading about 37% above its 200 DMA.
What you say is very true. Goldman is the poster child of this mkt rally. only if and when this stock corrects, will there be any downdraft.
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