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Anonymous ID: affcde Feb. 26, 2019, 11:39 a.m. No.5397474   🗄️.is 🔗kun

GOLDMAN TRADERS JUST HAD THE MOST LOSING DAY SINCE THE 2011 DOWNGRADE

(GOOD!-FUCKING LEECHES)

 

Things sure have changed for the world's most important FDIC-backed hedge fund.

 

Back in 2010, when QE was raging and a blind monkey had to try hard to lose money, Goldman reported that quarter after quarter, it had zero losing trading days, as the following chart from Q1 2010 shows.

 

In retrospect Goldman had only the Fed to thank for such flawless quarters, because as Bloomberg notes, the end of 2018 - when stocks revolted as the mere though of the Fed's ongoing balance sheet shrinkage and rising rates, sending the S&P to the verge of a bear market - proved to be a rough one for Goldman Sachs, and in Q4 Goldman's traders posted losses on at least 19 days in the last quarter of the year, including one day where losses approached almost $100 million.

 

It was the worst quarter for the FDIC-backed hedge fund since the third quarter of 2011, when the US was downgraded by S&P, sending markets reeling, and was nearly double the 12 trading days of losses suffered for the first three quarters of 2018.

 

For the full year, Goldman reported 31 trading day losses, with the most, or 29, occurring on days when the bank lost between $0 and $25MM, and suffered one day in Q4 when it lost between $75MM and $100MM.

rest at link

https://www.zerohedge.com/news/2019-02-26/goldman-traders-just-had-most-losing-days-2011-us-downgrade

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These big firms went year's without so much as reporting double-digit or even consecutive losses day-to-day in a given time frame.

 

See:

JPMorgan Joins BofA With Perfect Trading Record in Quarter

 

https://www.bloomberg.com/news/articles/2013-05-08/jpmorgan-returns-to-perfect-trading-record-following-whale-loss

 

How Four Banks Scored a Perfect Trading Quarter

https://money.cnn.com/2010/05/14/news/companies/banks_trading_profits.fortune/index.htm

 

Sauce for Goldman Sales

https://www.secform4.com/insider-trading/886982.htm