April 17, 2010

Goldman Sachs` (GS) Collateral Damages

In this graph you can see how the Goldman Sachs` (GS) news has affected the major banks:

As you can see, Bank Of America (BAC), Citigroup (C) and Morgan Stanley (MS) were hit the hardest. The best performing stock among the big banks was Wells Fargo (WFC) with a drop of "only" 4%.

Related ETF`s: Financial Select Sector SPDR (ETF) (Public, NYSE:XLF) and Direxion Daily Finan. Bear 3X Shs(ETF) (Public, NYSE:FAZ)

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