I've been going thru the chart of Goldman Sachs (since it's IPO in 1999) and the chart of the S&P since 1999, and I have one observation to make
There has never been such a huge divergence between GS & SPY . You only need to look at the chart below to see what I mean. GS has been making lower highs for about two years now, while the S&P 500 has been making higher highs !
Goldman Sachs is now trading near $130 which is exactly the same level it was trading at in May 2009 !
If you were to take the levels of May 2009 on the S&P 500 you would get something like SPX 880 !
The opinions expressed on this site are made available for educational and entertainment purposes only. Nothing on this website should be interpreted to state or imply that past results are an indication of future performance.