Saw an article this morning on Bloomberg stating.....
Goldman Sachs Group Inc. (GS), which generated about half its revenue from trading last quarter, posted losses from that business on two days in the first three months of 2013, compared with one day a year earlier.
further still
JPMorgan Chase & Co. and Bank of America Corp. (BAC) had perfect trading records in the first quarter, making money on every day of the period, while Morgan Stanley posted losses in eight sessions. Citigroup Inc. doesn’t disclose money-losing days.
Two days of losses in the quarter? Perfect trading days. Do you know of ANYONE who experiences no trading losses, except for maybe Bernie Madoff? It is just a statistical impossibility to experience no trading losses, unless you have rigged the system. I don't know how this is not a bigger deal.
Goldman Sachs Group Inc. (GS), which generated about half its revenue from trading last quarter, posted losses from that business on two days in the first three months of 2013, compared with one day a year earlier.
further still
JPMorgan Chase & Co. and Bank of America Corp. (BAC) had perfect trading records in the first quarter, making money on every day of the period, while Morgan Stanley posted losses in eight sessions. Citigroup Inc. doesn’t disclose money-losing days.
Two days of losses in the quarter? Perfect trading days. Do you know of ANYONE who experiences no trading losses, except for maybe Bernie Madoff? It is just a statistical impossibility to experience no trading losses, unless you have rigged the system. I don't know how this is not a bigger deal.
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