That --> is 5 years of Goldman Sachs, who reported a very good quarter last night relative to expectations.
The stock is trading down a little, probably because it has run a lot and also announced that it is raising $5 billion to repay the TARP money.
The chart is breathtaking. $200 to $50 to $125 in under two years. This is not some second tier franchise either. At some point in the next decade, I wouldn't be surprised to see them go private again. The wave of scrutiny and increased regulation is just beginning.
Strong finish yesterday after the market spent most of the day under water. This market does not want to go down, which ironocally indicates that it is due for a correction. If earnings keep coming in better, timing it will be tough.