“Alcohol brings everyone together.” Absolutely goddamn right. I’ve been saying for months the the answer to this liquidity shortage is more liquid courage. No, it wasn’t the repeal of Glass-Steagall that slowly ate away at the market, it was the partial revival of the Volstead Act in the hallowed halls of our investment banks.
The wind is changing, and here was the first clue:
…Kipton Davis, a Prudential Douglas Elliman broker from Virginia, thinks a little bourbon could be good for sales.
Just as a few drinks may coax timid traders onto a dance floor, it could help them muster the courage to buy multimillion-dollar apartments.
That’s why on Wednesday night, Ms. Davis lured a half-dozen bankers, traders and friends on a condo tour of four TriBeCa buildings by offering wine and whiskey at every stop.
Any day now and we can expect Deutsche to quietly re-authorize expenses at strip clubs. We’re calling a bottom. We are counting the days. Go long financial hedonism, friends.
For Apartment Shoppers, Some Liquid Courage [The New York Times] via [Daily Intel]
First Bitches!
SPODE
Jane st dudes have some balls, no?
Too drunk, could not read.
@2:
what? the market makers?
why do people allow themselves to be quoted in these types of articles? why oh why?
the jane st dude is so fat
Jane Street is quant, and the guys in the article came off as clueless. Can’t imagine that helped Jane raise any new capital!
@6 in the wallet boo yah.
suck it losers.
@7 theyre proprietary.
would certainly make work more ‘interesting’…
Kipton looks like she gives an awesome blow job. She should try that to move some of those condos.
http://www.prudentialelliman.com/NYCPhotos/BrokerPics/Big/KID.jpg
Despite all the shorts being called in this market, I am still long on Miley Cyrus
-MoneygripWisdom
And I think her assets provield a decent spread when properly valuated.
-MoneygripWisdom
jane street is the anti quant they’re always long deep OTM puts and vix calls based taleb’s black swan insurance strategy deal. Apparently that trade has done well this year? who knew?
its a makers mark(et)
@11 I get a doggy vibe from that pic
@11
ewwwww jesus christ, the market really is through the floor, fugly is the new doable.
@11
ewwwww jesus christ, the market really is through the floor, fugly is the new doable.
Is it me or is Patrick Nichols (left, a trader and prospective buyer) looks like a supreme evil douchebag?
Is it me or is Patrick Nichols (left, a trader and prospective buyer) looks like a supreme evil douchebag?
Is it me or is Patrick Nichols (left, a trader and prospective buyer) looks like a supreme evil douchebag?
@7:
oh and Jane Street doesn’t take outside capital. plus they’re up huge and don’t need to raise money even if they did take outside money.
Triple posting bastard!!!
Town hall meeting at Citi on Monday!!
all aboard the failboat!
todays ride captained by posters 19-22
Oh – Charlie is reporting that Pandi is close to out. Come on DB – let’s get the real details on this story.
What are the odds that Pandi gets canned over the weekend before his “Town Hall Meeting”?
Latest example of the Peter Principle.
the farkisms are strong today!!1!!!11Eleventy!!11!!
FYI 24 year old **traders** looking to spend 2-3MM on an apartment is what’s wrong with this country.
@27 5:1 sounds good
PS. that evil looking kid is twenty SEVEN?
bummed. even w/ all that money. smart to get married while he’s still loaded – without all that money he’d never land a hot chick.
Dude looks like a lease crude buyer I know at Koch.
We have wasted History like a bunch of drunks shooting dice back in the men’s crapper of the local bar.
Charles Bukowski > Wall Street
@19, 20, 21, 22 – Agreed.
@17, 18 – Agreed.
@29:
WRONG. People selling dollars for nickels and buying nickels for dollars is what’s wrong with this country.
The astute trader merely capitalizes on the idiocy, he does not create it.
Mmm yeah, this vent looks unfinished. I know this because my daddy worked on vents his whole life and now I just windowshop shitty apartments to waste people’s time.
HA HA HA !! I got 20 YEARS on that disgusting fatbody Patrick Nichols!! Holy cats that photo made my day! Yep, I’ll never be buying any multimillion dolla crib, but DAMN!!!
He’ll be on cialis and lipitor in 5 years if he doesn’t watch it.
If these guys are looking to buy right not they’re clearly not very good traders…
@39:
you’re forgetting that they have to hedge against their own incompetence. If they keep the money liquid they might invest it in something retarded or put it in an Icelandic bank trying earn an extra 50 bps of interest. If they buy a place, they might over pay but at least they won’t be out on the street like they would be if they couldn’t pay their rent.
What does it mean that they are proprietary and don’t have customers? Did they start with a certain amount of cash and try to grow that, and the employees get paid off the growth?
- Non-finance guy
they have customers, they don’t manage money for other people. They provide liquidity to the market by quoting a bid and an ask price to people who have options they want to sell. They collect as the difference between the bid and the ask as profit and also get to see the order flow to the market. So they know that the thing you just bought for $1.00 there’s another guy trying to sell 10,000 of them for 90 cents. They also have their own (proprietary) trading accounts where they try to make a return on their own capital.
No way patrick nichols made the trek up the stairs to the penthouse. OTOH, there were ham sammiches as a reward.
That fat and still in their 20s? Say hello to a diminished life expectancy as well as a life time of meds.
You are a fat body, Private Pyle!
VOL IS KING, what do you trade?