Following a volatile 3 years around the turn of the century, Goldman was locked into a steady trading range in the upper double digits until a consistent climb from 2004 until mid 2007. Since approaching its all-time high near the end of 2007, Goldman's share price is down roughly 70%, mirroring the broad-based decline in the financial sector.
On October 31st, Goldman closed at 92.50 and opened on December 1st at 75.80, representing an 18% decline. The financial sector was crushed under the weight of mounting systemic risk, underlined by the Citigroup bailout.
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