Shares of the vampire squid itself, shown here since 2007, are back below where they started 8 long years ago. And that’s assuming dividends were reinvested. If Goldman is the self-proclaimed ‘best of the best’, they can’t mean for investors.
Of course, Goldman executives cashed out billions for themselves while directing public policy through relentless government/regulatory influence and funding that enabled them to break laws and siphon out profits. Apparently, it’s good to be the head of the squid. For everyone else though… not so much. Squid in a coalmine for the rest of the market? It was in 2008 and 2010.