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Two Ways: Goldman Eager to Un-TARP


Strengthen your portfolio in good times and bad.

Goldman Sachs (GS) may be in talks with regulators to repay the $10 billion in TARP funds it received by mid-April. According to Bloomberg, executives at the Wall Street firm are squirming under the increased regulation and surveillance that the money requires - especially as public outrage over executive compensation increases.

Goldman hasn't yet paid back the funds, and doesn't expect to do so until the Treasury finishes conducting stress tests of the major banks. These so-called stress tests are designed to determine financial stability. Furthermore, some believe the government isn't likely to allow any firm to pay back the bailout money early, as weaker banks (the ones that actually need the funds) could be pressured to do the same.

As of 3:00 p.m. EST, shares of Goldman were up 0.37%, to $112.41.

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From the Bull Pen: Nice response in gold today. Bulls can look to Barrick Gold (ABX) for more upside exposure. See the stock fill in its gap after the large reversal. A sell stop can be set below today's low ($31.80).

From the Bear Cave: Goldman is still the best of the banks, but as Toddo noted on the Buzz today, it's up against stiff resistance near the 200 DMA. Bears playing the downside can set a buy stop above that level ($115.50).

Have a great night!
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