Not everyone in the financial sector has been taking a beating. This morning, Goldman Sachs easily beat Wall Streets expectations of a profit of $6.87 per share on revenue of $10.16 billion when they announced that profits after paying preferred dividends rose to $3.17 billion, or $7.01 per share and revenue of $10.74 billion.

They were able to easily beat expectations because they have successfully sidestepped the mortgage losses that hit everyone else.

"Inherent in our commitment to our clients is the need to help them execute their transactions in all market conditions and, as a result, we are ever mindful of the importance of effective risk management," chairman and chief executive Lloyd Blankfein said in a statement.

If there is one industry you should never fully discount, it is the financial sector.