No One Wants To Be Long Goldman Sachs

Goldman Sachs

shares are trading lower by $6 at $141.23 in Thursday's session. It is trading lower for the fifth day in a row, falling from its February 4 close ($156.49) to its current level. Fears of dangerous credit default swaps potentially residing on their balance sheet has investors in a panic-selling mode. After a lower, it could not cone anywhere the bottom-end of Wednesday's range ($147.21), only reaching $144,41 before sellers flooded the issue. It is now trading near its low of the $140.94. The issue is now trading trading at levels not seen since May 2013, when it bottomed at $140.39.