Goldman Sachs has strong fundamentals. But, nobody may know if its stock (and the broad indices as well) may go down in price still further. This is a bear market, after all.
The legs... up and down are fantastic... And as for GS... when 2 out of the 3 (Buffet, Fed, GS) say it's OK to short GS, then it'll be OK but not before. And figure the odds of that. edit: oh wait, GS is the Fed, crap...
You probably have not had a glimpse of their Tier 3 stuff Get yourself a CapitalIQ subscription and check it yourself. Do not be fooled by headline billion dollar earnings, rather look at how much capital (real/imagined ) had to be used. Cautious investing to investing/short selling to all