Goldman Sachs taken to the Woodshed

The fall of Goldman Sachs (GS) continues with news today that CEO Lloyd Blankfein has hired his own, personal lawyer. The stock fell below US$107. Based on earnings I still feel that Goldman has strong value, but that does not mean that the market will agree. Is Goldman a good company but a bad stock? I sold at US$114 and I am staying away from Goldman, and all US financial companies.


Since I bought Goldman at US$155 in April 2011 it has fallen 30%. For comparison, the S&P is down 15% in the same period.


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