Which I suppose is exactly what they had in mind when they put together their master plan, but it’s still a little shocking:
In the quarter ended March 31, Goldman made money on every single trading day. The firm did not record a loss of even $0.01 on even one day in the last quarter. That’s 63 days profitable out of 63 trading days. The statistic probability of this event is itself statistically undefined. Goldman is now the market – or, in keeping with modern market reality, Goldman is the house, it controls the casino, and always wins. Congratulations America: you now have far, far better odds in Las Vegas that you have making money with your E-Trade account.
When they’ve gotten so brazen they don’t even care about the optics of something like this, you know we’re all in trouble.