Everyday for the past two weeks, Goldman Sachs' stock has been hit by the subprime crisis in the United States. I feel that the panic is overdone with this particular stock. While I do not think that the subprime problem is over until 2009 when the housing market stablizes, I think the damage is overdone with this name. With a P/E ratio of just about 8, everyday this name gets cheaper and cheaper and should be bought as it goes down, that way profits can be maximized on the way back up to $200 a share.

Two weeks ago, Goldman was trading over $200, and today after the close Goldman finished at $177. Earlier today it was announced that one of Goldman's hedge funds got a bailout of over $3 billion. There have even been threats of Goldman cutting end of the year bonuses with it's recent losses, still with these concerns, this investment banking company is a solid name going foreward in the next 6 months to a year.