For those wondering why nobody wants to trade ever again on what are now purely legalized fraud markets (and thank god Ze Germans are dumb enough to buy them at any price), here is the reason:
- JPMORGAN RACKS UP THREE PERFECT TRADING QUARTERS IN 2010
- JPMORGAN TRADERS HAD PERFECT SECOND HALF, BANK SAYS
- JPMORGAN TRADERS LOST MONEY 8 DAYS IN 2010, DOWN FROM 42 IN '09
In other words, of 260 trading days in 2010, the firm lost money on 8, or 3.1%. In yet other words, the firm made money 96.9% of the time. We'll repeat that: JPM made money 96.9% of the time.