Goldman Underperforms Market After Reporting Strong Earnings

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Mark Melin
Published on
Updated on

After reporting apparently better than expected earnings this morning, Goldman Sachs Group Inc (NYSE:GS), the most prestigious investment bank in the world, is getting hit hard in early morning trading, down nearly 1.86 percent on the day at the same time the S&P 500 was close to break even.  The stock had been down nearly 4 percent but rebounded after word that the Fed might continue its quantitative easing injections into the market surfaced. Goldman Sach’s stock underperforming after earnings Great earnings news followed by the stock underperforming is always worth consideration. Could it be that such a reaction is really…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.