Originally Posted by tail wheel
J P Morgan and HSBC are wondering where their investment is going?
. These
Bullion banks are also
Primary Dealers AKA "The Banksters". They are rarely on the "wrong" side of the trade. Their clients on the other hand...
No such worries for JP Morgan, which just reported that it lost money on exactly zero days in Q1, averaged $112 million in daily trading revenue and had 7 days in which the firm had trading profits of “more” than $160 million, including 2 days unbounded by an upper limit range.
Next, we expect Goldman and Citi to do the same. It is a good thing markets are not zero sum, or else someone may ask just who (or rather which taxpayer) is the loser to all these “trading perfection” days…
JP Morgan Banksters Report PERFECT Trading Quarter, Make $112 Million In Average Daily Trading Revenue
These banks have the best information, hence rarely ever lose money. Try this google search
perfect trading quarter.
Is the game rigged? </rhetorical>