Via Seeking Alpha
Goldman Sachs' (GS) Q3 trading record: In 64 trading days, it lost money on just one, and made more than $100M/day on 36 days - down from 46 in Q2. On the quarter, equities commmissions fell to $930M from $1.2B a year ago, but trading profits soared to $1.8B from $354M.
Just remember, as with Bernie Madoff don't ask questions about how this is done (editor's note - not implying Goldman is a Ponzi); just understand he / they is / are smarter than you, and the black box they have is superior than anything else seen on the planet. It has nothing to do with former Goldman officials placed in major posts throughout our government, superior information flow, trading huddles [Aug 27, 2009: Goldman Sachs Trading Huddle] , high frequency trading dominance, and multiple items I am forgetting or won't ever know about. Access to information is not an advantage right Mr. Gekko?
The most valuable commodity I know of is information. - Gordon Gekko
Anyone who questions this is just jealous. It's all about "talent" (of the super human... or super computer kind), and as the first state sponsored
Somewhere, Matt Taibbi just had a convulsion. [Jun 25, 2009: Rolling Stone - Goldman Sachs, The Wall Street Bubble Mafia]
ZeroHedge also weighs in
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