Goldman loses money on just one trading day in Q3.

I

Ivanovich

From ZeroHedge:

"The Goldman 10-Q is out, providing numerous interesting datapoints for those willing to scour through them. The key one: Goldman lost money on just one trading day in Q3, making money on all the other 64. As a reminder, even in Q2 Goldman lost money on two trading days. The statistical probability distribution of 1 out of 65 is something that not the SEC, but Richard Feynman should be looking into, as Goldman Sachs, after rewriting the lass of risk/return, is now set to redefine normal distributions and other Statistics 101 concepts...."

http://www.zerohedge.com/article/absolute-perfection-goldman-loses-money-just-one-trading-day-q3
 
Quote from Ivanovich:

From ZeroHedge:

set to redefine normal distributions and other Statistics 101 concepts...."
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How much of goldmans 'trading' is speculative and how much is risk free profits, skimming money from clients etc.
 
I believe the US markets are now "crooked", far more than they used to be - on par with Indonesia and Thailand, just hundred times bigger.
 
it looks like a good profit factor, maybe 50 or so.

how can this sordid manipulation of the markets can be orchestrated without some serious legal prosecution?
 
Quote from crash n burn:


how can this sordid manipulation of the markets can be orchestrated without some serious legal prosecution?
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Is that a serious question?
 
Quote from Ivanovich:

It's all Risk Free when you have the Federal Reserve frontrunning for you every single day.
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Please tell me the Mods are not starting to hop on the crazy train too...
 
If Goldman Sachs was a baseball player batting .999, there would have been a congressional investigation and ultimatley huge fines.
 
Insane statistic. GS is clearly unstoppable at this point.

Out of curiosity, does anyone know how this statistic compares with other IB's?
 
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