Trading The Banks Following Goldman Sachs News

By Betty, of Hedge Fund Live - The last time Goldman Sachs (GS) got in trouble with the SEC was almost exactly one year ago on April 16, 2010. How did GS along with the other U.S. banks trade on the day of and days following the negative news last April on Goldman? The charts below show you how the bank names traded intraday. GS: I will largely ignore the initial sell off, especially the degree of the move lower. As Dean alluded to, last April was the first hit and the news was “newer.” I really don't expect the sell off to be this dramatic this time around. But after the first down, there was a...... Read the full analysis here. Watch today's "Tynik's Two Sense" and "DM In The AM" here.