Bloomberg reports that although Goldman may well have made money on every trading day during the last quarter, those who listened to the firm's investment advise have not yet quite made off like bandits
According to data compiled by Bloomberg, 7 of Goldman's 9 'recommended top trades for 2010' are currently money losers - including buying Polish zlotys vs the Japanese Yen, trading sterling against the New Zealand dollar, and buying Chinese stocks in Hong Kong.
Axel Merk, President and CIO of Merk Investments, told the news agency: 'This says that Goldman's guys are only human. No one is always right. There are a lot of cross currents in this market'. But 2 out of 9 ain't good, is it ?
Finally, The Daily Telegraph reports that UK securities regulator The Financial Services Authority (FSA) is to send letters to 38,000 people who appear on a 'mugs list' of people identified by scammers as those most susceptible to share cons. US authorities apparently first came across the list and handed it over to the FSA.