Magox Posted July 10, 2009 Share Posted July 10, 2009 Goldman has pretty much always been the cream of the crop when it comes to fixed-income and equity trading, at least ever since I've been in the business. Now that everyone has pretty much paired down their risk appetite, Goldman has ratcheted it up a notch, to say the least. They are set to earn record profits in their trading divisions for the quarter, which really isn't so surprising, considering some of the competition has been crushed, government backstopping their risks and of course market conditions that were favorable in the second quarter coming off severerly depressed prices followed by an enormous rally. A part of me angers me that they are returning to the "statis quo", but of course, if you are in their position, with the government backstopping you, why not? http://www.bloomberg.com/apps/news?pid=206...id=axo2pKtl0rts Link to comment Share on other sites More sharing options...
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