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One down day over the course a fiscal quarter hardly equates to "zero-risk" trading. The market has been on a 6 month trend up, and when trending it is relative
by dmillar 17y ago
One down day over the course a fiscal quarter hardly equates to "zero-risk" trading. The market has been on a 6 month trend up, and when trending it is relatively easy to make assumptions that can pay off everyday. Judging from last week's volatility I would be willing to bet we'll see something of an increase in down days for GS.
Buying down and selling on a down day does not mean a loss is guaranteed. There could have been up days in between, and with the plethora of derivatives available who knows exactly how they took advantage of the strongly trending market.
And don't think for a second that the SEC doesn't have a tent setup at the Jersey office watching every move. GS is the most profitable, and therefore most envied and suspect, financial institution in an economy that was decimated, almost single-handedly, by the finance industry.