Traders at Goldman Sachs recorded only one daily loss in the third quarter

meow

Goldman benefits from trading bonanza

By Francesco Guerrera and Michael MacKenzie in New York

Published: November 4 2009 18:42 | Last updated: November 5 2009 00:13

Traders at Goldman Sachs recorded only one daily loss in the third quarter, highlighting the trading bonanza sweeping Wall Street as central banks continue to pump billions of dollars into the financial system.

The performance – revealed on Wednesday in a regulatory filing – compares with two losing trading days in the previous quarter and confirms that the authorities’ drive to revive markets after the crisis is yielding huge windfalls for some banks.
http://www.ft.com/cms/s/0/d2aa1c ... html?nclick_check=1


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Tell you follow GS

SAR

where/how to track gs? thanks.
"Tell you follow GS"

dara

man, that is unbelievable, only one day loss in a qtr.

Now you have to agree GS can somewhat control Da Pan.

meow

the guy loss trade got fired

dara

the guy loss trade got fired
meow 发表于 2009-11-5 18:49

If you have $50B cash on hand,  you can definitely control Da pan most of the time.

test1test

if gov and fed are your backyard. you have toLOSE ONE DAY to show that you are NOT the GOD. this is us, we have freedom to lose money

牛二买刀

bayliner1979

Those who deny the existence of MM must apologize.

soulvirus

ppt does exist. he is a banzhu in HT and a firefighter in the market. in addition, ppt is also a mm, i love to kick mm's a"s...

ppt, i am kidding... ou hahahahahaha

bobcat

再早一个季度他们也只是有两天亏损。但这不是一人的结果，而是集体结果。每天的结果
是大量交易结果的总和。从统计上说并不奇怪。交易数目越多，结果越平滑。但长期回报率
并不一定高。

SpringMountain

if gov and fed are your backyard. you have toLOSE ONE DAY to show that you are NOT the GOD. this is us, we have freedom to lose money
test1test 发表于 2009-11-5 19:06

想发

peachseed

再早一个季度他们也只是有两天亏损。但这不是一人的结果，而是集体结果。每天的结果
是大量交易结果的总和。从统计上说并不奇怪。交易数目越多，结果越平滑。但长期回报率
并不一定高。
bobcat 发表于 2009-11-6 01:07

我不能赞同。按你的逻辑，因为是大量交易的总和所以平滑，那么他们的日回报率应该接近于市场的回报率。如果持续高于市场，那么就是有alpha了。这个alpha怎么来的，我看不是正常来源。季度只有一天亏，在统计上实在太奇怪了。

thisnoname

They have pumped market in one direction for months, hoping suckers to come in and take it over.  Now it's about time ...

bobcat

我不能赞同。按你的逻辑，因为是大量交易的总和所以平滑，那么他们的日回报率应该接近于市场的回报率。如果持续高于市场，那么就是有alpha了。这个alpha怎么来的，我看不是正常来源。季度只有一天亏，在统计上实 ...
peachseed 发表于 2009-11-6 12:53

为什么交易数量大“他们的日回报率应该接近于市场的回报率”？他们多空兼做，与市场本身比意义不大。
从微观上看，股市离随机步行还是有相当差距的，套利交易超越市场并不难。
与个股本身持续性的alpha不同。以他们的资金量，第三季度赚几十亿并不算多，对市场来说，这点 inefficiency 还是有的。就算与市场比，
他们上一季度仍可能回报并未超越大市。
要是考虑 NYSE 所有 specialists 的交易的总和，很可能上季度一天亏损也没有。或者考虑所有在美国有两年以上经验的 prop traders 的交易总和，
同样很可能上季度一天亏损也没有。 如果从胡同中挑出最强的做短线的20头牛、20匹熊，考虑交易总和，第三季度很可能也只是亏了几天。