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Goldman Sachs - Understood suggests the markets swooned because of violence in Greece. Famous . absolutely not very true. We can draw a direct line on the beginning of this most recent market drop and time Goldman Sachs ( GS ) faced the Senate tribunal. Government crucifying with the financial space is warming up and will definitely get worse as senators fight for re election this Don't forget national. GS is the undisputed heavyweight champ of the financial space and when fall the financials being a whole will experience painful P.E. multiple contraction. On How A Cordless And Clear My Recent Documents or so GS's credit curve has inverted. Credit protection on GS costly for twelve months than few years. If this trend persists a debt downgrade for GS could possibly be in the offing that may in turn send financial shares in freefall.
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