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Welcome to Credit Lime. In my spare time I also contribute to a financial reporting site called www.CreditLime.com which provides in-depth analysis and reporting on news and events in the financial, derivative and credit default swap marketplace. I have over a decade of experience in the... More
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  • Goldman Sachs CDS percentage change larger than stock 0 comments
    Apr 16, 2010 4:49 PM | about stocks: GS, WFC, BAC, MER, AVN, MER.I, JPM, BCS, MS, DB, UBS, CS, BNPQY, CRARY, RBS, SAN, NMR

    As anyone who has watched the market today already knows, the SEC charges  against Goldman Sachs are front and center today and the stock crashed over 15% from $184 to around $155 at one point today before recovering to where it is currently trading around $160, or down about 13%. Goldman credit default swaps, however, were wider by 40% at one point today. Other major investment bank stock prices are also down and their CDS are wider in sympathy.



    Disclosure: long all stocks
    Stocks: GS, WFC, BAC, MER, AVN, MER.I, JPM, BCS, MS, DB, UBS, CS, BNPQY, CRARY, RBS, SAN, NMR
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