Posted by guest , Oct 31, 2008 2:08PM

the picture doesn't work?

Posted by guest , Oct 31, 2008 2:12PM

EP is too busy fingerbanging bess under the desk to get the picture right.

Posted by guest , Oct 31, 2008 2:12PM

so does that mean the bottom's in?

Posted by guest , Oct 31, 2008 2:12PM

EP is too busy fingerbanging bess under the desk to get the picture right.

Posted by guest , Oct 31, 2008 2:13PM

Sham-WOW!

Posted by guest , Oct 31, 2008 2:13PM

It's not over yet...

Posted by guest , Oct 31, 2008 2:16PM

@3,5 -

Take it easy, Champ. Why don't you sit this next one out, stop talking for a while.

Posted by guest , Oct 31, 2008 2:17PM

Can someone advise me what is the fastest career path to becoming a Big Swinging Dick?

I have an offer to join a PE's research dept and a BB's IBD.

Which would be the shorter route to BSD-hood?

No bitch-assness from Delaware please.

Posted by guest , Oct 31, 2008 2:22PM

@9 what PE has a research department?

Posted by guest , Oct 31, 2008 2:24PM

@9 - Interview for a job at the IRS.

Posted by guest , Oct 31, 2008 2:27PM

Based on that chart, it looks like the bottom

Posted by guest , Oct 31, 2008 2:32PM

People don't lose money, charts do.....

Posted by guest , Oct 31, 2008 2:57PM

@#9...

I don't know which offer would be better for you, but if you have any decent offer in today's climate, you should consider yourself fortunate.

BTW, No "bitch-assness" here.

The Guy from Delaware

Posted by guest , Oct 31, 2008 3:01PM

What? Couldn't make the pic/type any smaller?

Posted by guest , Oct 31, 2008 3:07PM

@ 9
I'm not sure if a job in PE is the best way to go about it...
I saw this movie called Old School once and they seemed to have a MUCH easier way.

Posted by guest , Oct 31, 2008 3:09PM

Just announced on CNBC:

The bottom is officially in. The bear is dead.
- Matt Nesto (dumbass)

oh yeah, and the UWS should be nuked.

Posted by guest , Oct 31, 2008 3:32PM

CNBC commentators are truly the greatest contrarian indicators ever

Posted by guest , Oct 31, 2008 3:33PM

CNBC commentators are truly the greatest contrarian indicators ever

Posted by guest , Oct 31, 2008 4:02PM

@9

throw a rope around a sturdy tree branch then jump up and grab it and hold on.

Posted by guest , Oct 31, 2008 4:06PM

I have a PE degree from South Dakota Normal. Majored in sit-ups, too.

Posted by guest , Oct 31, 2008 4:15PM

#9 here.

I said, no bitch-assness, highyield or not.

Posted by guest , Oct 31, 2008 4:27PM

All will become clear after Tuesday...

Posted by guest , Oct 31, 2008 4:31PM

@9 The only major difference i could see in going IBD over PE is more connections with a larger institution. Once you're an ibanker, its easier to jump to PE than vice versa.

Posted by guest , Oct 31, 2008 4:45PM

Yes M&A advisory... I see it really taking off in the next few quarters.

Posted by guest , Oct 31, 2008 4:56PM

@26 if it's gonna take off, why the fuck are the banks laying off the ibankers

Posted by guest , Oct 31, 2008 5:00PM

@27 you assume rationality in banking.
a pond would be good for you, though...

Posted by guest , Oct 31, 2008 5:59PM

i agree with 25

Posted by guest , Nov 01, 2008 8:28PM

That chart emphasizes the steepness of the decline rather than the magnitude. I'd think, all else equal, steepness is good since it suggests greater efficiency, both in the market and in our ability to dig for information quickly once it becomes clear that something is wrong.

The unspoken and obviously retarded implication of the graph is that if we're this low only one year out, well holy smokes, we're going to be proper fucked by 2.5 years out. (I hope I don't have to explain to anyone why that implication is so retarded other than to think it should be cause for celebration that everyone can get rich off of shorting the predictable downfall.)

Posted by guest , Nov 02, 2008 3:59AM

Why is 1929 not on there? We've only been in this bear market for only one full year. We obviously have a long ways to go comparing the length of other bear markets within their individual stages.

http://www.weeklyta.blogspot.com

Posted by guest , Nov 02, 2008 2:11PM

With all of the layoffs and cut-backs there are a lot of shortcuts being taken with our financial data, and we may be setting ourselves up for Financial Terrorism or Warfare.

What if millions of peoples bank accounts were emptied overnight - or even just looked like they were emptied -people would freak and there would be a run on the banks, and our financial system would collapse quicker than we could figure out what happened:

http://tinyurl.com/5sb3a4

"While the world eyes the valuation meltdown in financial services, don’t neglect the danger to regulated systems and data. The pitfalls of underestimating the financial risk of transactions are now apparent; the fallout from underestimating the information security implications of transactions is waiting in the wings. We believe that, in addition to the obvious threat to market stability, the current situation has the added element of national and global security concerns. Misuse of financial systems and information can cause widespread, immediate, and long-lasting disruption to our daily lives and our society."

"It’s hard enough to protect this stuff during good times. With layoffs, cost-cutting, companies folding, projects changing hands, and unhappy workers bearing flash drives, keeping track of these information assets and who touches them is a huge challenge."

If anyone has any experience with mishandling of data, security breaches, or just plain lax protocol - PLEASE CONTACT ME - even if it is just anecdotal, like this:

"Raleigh is where my home office is. An interesting spin for your friend is what happens when a lender like First Magnus shuts their doors and leaves everything behind? I worked for them and on August 16th 2007 they sent out an e-mail and 6,000 employees lost their jobs. There was no warning and none of the management knew before we did. We all left the same day within hours of receiving the e-mail. We left our branch in Houston, with thousands of loan documents piled from floor to ceiling we were told a few months prior to retain every document, they took out the shredders and the secure shred bins that you typically see and use, we were drowning in paper. That paper was duplicate credit reports, bank stmts. duplicate loan app's every bit of personal information imaginable. Not the normal way to disband a financial company. Think about it, I guess the management company of the building who took control of the office after we left was left with all of that. I know that the court gave them permission in the BK to abandon all of leases and property that was left behind. Our computers too, were left behind. 300 offices across the country abandoned. There was an article about Ameriquest (I think it was them) where loan packages were found in dumpsters after they closed.
There are many regulations some federal and some state some pertain to banks only and some are for all financial institutions. As far as hard core data security I have no information about that either. But more lenders are going to paperless and using a shared storage system like Avista. I would recommend she contact some of those vendors and they can point her in the right direction."

Anything you can offer is wonderful!

Thanks ahead of time -

anthonymfreed@gmail.com