The good times must be back.

Porsche SE, the luxury sports car maker, announced this morning that its profit went up sevenfold in its first fiscal quarter ended October 31, 2010. Porsche reported a profit of 526 million dollars in the quarter on a 63% increase in car deliveries. (Interestingly, one-third of Porsche’s car deliveries in its last quarter were made in its home-base, Germany.)

Stock fell sharply lower after U.S. economic reports disappointed investors and rumors circulated that the Feds were going to look for criminal activity at Goldman Sachs.

Today’s break was initiated by a weaker than expected U.S. GDP report. Although the report showed that the economy expanded by 3.2%, economists were looking for an expansion of 3.3%.

Goldman Sachs on Tuesday failed to stem the fallout from US civil fraud charges levied against it, as bumper first-quarter results were overshadowed by investors' concerns over the case's implications for Wall Street's premier investment bank.

Earnings were a blow out but there is more trouble in GS stock price since before the SEC bombshell. What will it all mean to shareholders - or those thinking of buying?