5 Reasons Investors Are Pushing Goldman To New Post-Lawsuit Lows

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The general market has pulled back (though the Dow remains positive courtesy of Caterpillar’s strong performance in Asia).

Highlighting the squishy action is Goldman Sachs, which is now down 3%, near lows of the day, and new post-lawsuit lows.

Perhaps investors are wonder what, possibly, could propel the stock higher.

Here are some reasons to sell.

  • There isn’t likely to be a favourable resolution to the lawsuit anytime soon.
  • Nobody knows how tomorrow’s big hearings are going to go. It could be ugly if politicians get nasty.
  • Earnings are over, so that’s all priced in
  • and the interest rate environment can’t possibly get better.
  • Oh, and there’s this big bill being debated as we speak, and at looks like, quite possibly, derivative reform will be real.

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