So apparently Goldman Sachs batted a perfect game, and didn't have any trading losses for the first quarter--a feat they've never accomplished before. Does anyone feel this makes GS a good investment, or are things still way to speculative? http://preview.bloomberg.com/news/2...quarter-without-any-daily-trading-losses.html
1) There's a big difference between no trading losses and no losing days. They could have altered their accounting to "produce" some losing days. 2) The first quarter was an uptrend. They ought to make a lot of many against that type of backdrop.