Goldman traders lose money on just one day in first quarter

link:
http://www.bloomberg.com/news/2011-...one-day-last-quarter-best-record-in-year.html

Now I know who took the other side of my trades

 

Give a year or two and they'll need a bailout again.

 

Goldman Traders trade crap like muni bonds, CDS or exotic options with nice wide bid/asks, printing guaranteed money on every trade.

People should stop comparing an investment bank's "trading record" to their own retail day-trading. Completely different world.

 

Wow!!!
They are almost as good as Madoff.
Very impressive...

 

This. These are not results from directional trades but from market making activities (I would hope). If they actually traded ES long/short there would be perhaps a 0.1% chance they had the same kind of record (no losses).

 

Well somebody's got to be raking in all the cash if 90% of retail traders are losing money...

 

Trading is defined as "packaging fraudulent cdo toxic waste and robbing pension funds . or the U S tax payers for bailouts of fraud engineered by scum of wall street~

 

This is the combined result of all of goldman's trading operations. JPM & GS are the best names on the street.

 

I only traded 1 day in the 1st quarter and made a bundle...guess we all know what day that was now....

 

Exactly!