Write-Offs

Write-Offs: 03.08.13

$$$ Author of the spectacularly wrong ‘Dow 36,000′ has new thoughts on the stock market [Wonkblog]

$$$ Fitch Downgrades Italy’s Credit Ratings [WSJ]

$$$ SEC: Goldman cannot ignore proposal to split chairman, CEO roles [Reuters]

$$$ Talk of US high-yield ‘bubble’ is overdone [Reuters]

$$$ “Even as some venture-capital firms have become skittish after the disappointing initial public offerings of Facebook, Groupon Inc. and Zynga Inc. – all of which were venture-backed — a number of hedge funds, private-equity firms and other asset-management firms are pouring money into closely held startups.” [WSJ]

$$$ George W. Bush’s Art Teacher Says He’s Painted 50 Dogs [Gawker]

$$$ A boutique multi-strategy hedge fund in San Francisco is looking for a C++ programmer to help build an HFT platform [DBCC]

$$$ AIG to Redeem $1.1 Billion of Debt in Path to Dividend [Bloomberg]

$$$ “The Fed said the median loss from commercial and industrial loans across the 18 banks tested would be 6.5 percent under the severely adverse scenario. But Goldman’s loss would be a stunning 49.6 percent.” [NetNet / John Carney]

$$$ Identifying Term Interbank Loans from Fedwire Payments Data [FRBNY]

$$$ S&P Ratings Debate Doesn’t Show Fraud, Peterson Says [Bloomberg]

$$$ Q. Do you ever throw your weight around during Internet arguments? Like, “I knew you were going to compare me to Hitler because I AM MIKE GODWIN.”
A. I never do that.
[DI]

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3 Responses to “Write-Offs: 03.08.13”

  1. guest says:

    Instead, he argues that now, 14 years after the book, Dow 36,000 “is now clearly in reach.”

    If you stand at base camp you can see the summit of Mt. Everest. That doesn't mean it's "clearly in reach".

    -Trader who would bet that Glassman would have set a new all time low score on the USAF depth perception test given to prospective pilots

  2. guest says:

    You know a "boutique multi-strategy hedge fund" knows exactly what they're doing in building an HFT platform when they put out a flyer for a "C++ wizard" (who also knows every other programming language and paradigm under the sun) to join their team of "ivy-league programmers" to "design the fastest code on the West Coast."

    Then again, the "debugging" requirement is pretty standard.

    • Quant me maybe... says:

      What's even better is that there is no finance experience required to get this $200k + 100% bonus.