Falcon's Profile
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Entry: And They're Not Coming Back
posted by Falcon
Nov 26, 2008 10:11AM
Breaking News!
Wideclops chosen as White House Intern!
In other news:
The Federal Acronym Clearinghouse has established another lending facility this morning. The new facility with have the acronym F.U.P.A., and will be lead by Michelle Obama.
Entry: Staking Out Dick
posted by Falcon
Nov 26, 2008 10:27AM
Wall St. CEOs should move to Texas. Because in Texas you can legally shoot someone for trespassing.
Entry: Yes, We Know It Is Getting Tedious, But It's Wednesday: Liveblogging The Obama Morning Show
posted by Falcon
Nov 26, 2008 10:51AM
Breaking News!
Wideclops chosen as White House Intern!
In other news:
The Federal Acronym Clearinghouse has established another lending facility this morning. The new facility with have the acronym F.U.P.A., and will be lead by Michelle Obama.
Entry: We're Having A Special On Recession Release Denial Right Now
posted by Falcon
Dec 01, 2008 1:02PM
I had lunch with her a year ago and she was saying this then. Everyone acting like she just said this now is an idiot.
Anybody that hates her is likely one of the frauds from the Burst Brackets.
Entry: We're Having A Special On Recession Release Denial Right Now
posted by Falcon
Dec 01, 2008 1:39PM
@13, learn how to fucking spell if you are going to try to go at it with me. I work on the buy-side, and I just got a bonus and a raise you unemployed bitch.
Entry: We're Having A Special On Recession Release Denial Right Now
posted by Falcon
Dec 01, 2008 1:49PM
Cluzo, I am not sure if I am correct, but I believe she only covers mega cap banks and has sells on all of them (maybe one hold). An analyst is supposed to give their objective opinion on a company. She does not think they are worth owning. So what's the problem? I would assume that she will put a buy out when she deems it appropriate. Just because she has held firm does not mean it's "tired" analysis, it just means her opinion has not changed yet.
Entry: We're Having A Special On Recession Release Denial Right Now
posted by Falcon
Dec 01, 2008 1:54PM
@19...you are a jealous pussy
Entry: Live Blogging The Pitiful Cries Of The Big Three
posted by Falcon
Dec 04, 2008 2:23PM
@44 I want to have a mindfuck threesome with you and Ayn Rand.
Headless Horseman:
The one critique I have to your argument regards the quality studies. Those quality studies are for INITIAL quality...not how reliable the cars are 10 years from now. These American cars are pieces of shit after 100k miles, whereas you can easily get 200k out of many foreign brands.
This is the main reason why people are buying fewer American cars. They have no resale value down the line because they run like shit after a few years.
That and the fact that most of them are F'UGLY.
Entry: Live Blogging The Pitiful Cries Of The Big Three
posted by Falcon
Dec 04, 2008 3:52PM
@70 I know plenty of people that have cars with that many miles on them. Not that I have any problem with people that grew up wealthy, but not all of us here (myself included) did. I also valet parked cars to pay for college, so I have driven almost every car that has been made in the last 20 years, so I have plenty of primary knowledge of what I am talking about. And I am completely correct in what I said about qulaity differences.
I will concede your point about leased vehicles. However leased vehicles are only ~15-20% of all cars sold in the U.S.
Additionally, industry data show the average age of the American car fleet is 8.9 years and climbing. Using your (correct) figures for average mileage driven, that means the average car on the road has between 128-150k miles on them. So I guess plenty of people drive cars with that many miles.
Perhaps you are like most of my fellow Wall St. colleagues that either grew up rich or have lost touch with the average person?
American cars are pieces of shit after a few years and until they fix that, they will continue to lose market share.
How else can you explain the Japanese manufacturers taking so much market share with a more expensive (on average) product?
Entry: Live Blogging The Pitiful Cries Of The Big Three
posted by Falcon
Dec 04, 2008 4:48PM
HH:
Here is what I wrote:
"Perhaps you are like most of my fellow Wall St. colleagues that either grew up rich or have lost touch with the average person?"
Notice the qualifier that said "either?"
You asked:
"Who do you know that drives anything with 200,000 miles on it?
How many people do you know that drive anything with even 100,000 miles on it?"
So I apologize if I mistook your statement to mean that you were out of touch. Your statement would make most readers assume that you believed nobody drove cars that old, hence my statement about being out of touch. I made no assumption about your upbringing. I posed two possibilities. Why don't you read a little closer?
And the Wall St. reference is a loosely used term nowadays. It is used to describe anyone that works in finance. Since this is a finance board, I assumed most people here work in finance. I guess I made a mistake with you though. Congratulations for living in a suburb of Cleveland!
I would never purchase an Escalade, even though I think they are nice when they are new. Why? Because I know they are worthless after a couple years.
As stupid as the general public is, many of them are smart enough to make these same rational choices.
I agree with many parts of your argument, yet you are sitting here getting defensive as if I am trying to blow the whole thing up. Why don't you fucking relax? You are perpetuating the fucking "chip on the shoulder" cliche of state school kids that all of the pedigreed douchebags talk about.
If you weren't so fucking insecure, you would not be so defensive.
The fact that you say I got my goose cooked is a little presumptuous. The fact that you declare yourself the "winner" bolsters your apparent insecurity.
I went to a state school as well. Dual major - Finance and Economics. Summa cum Laude, Valedictorian. So what?
When it all gets boiled down, nobody wants to buy American cars. That's all that fucking matters, whether you or I are correct. American car companies should (and will) die.
Entry: Live Blogging The Pitiful Cries Of The Big Three
posted by Falcon
Dec 04, 2008 4:59PM
Just because a car is still on the road does not mean it's not a piece of shit. It costs a lot more money to keep an American car on the road than a foreign one when they get older.
Anyway, I have to go...my company is one of the few having a Christmas party. We can fight tomorrow if you'd like.
Entry: Good Luck To All
posted by Falcon
Dec 05, 2008 4:25PM
@1. Depends on the firm, and depends on the MBA
Entry: Good Luck To All
posted by Falcon
Dec 05, 2008 4:29PM
@1. Depends on the firm, and depends on the MBA
Entry: Prospect Harbor Credit Partners, L.P.
posted by Falcon
Dec 09, 2008 12:18PM
Has anyone figured out how to lose more than 100% yet? I am sure someone will in this market
Entry: At Least He Was Planning Ahead!
posted by Falcon
Dec 09, 2008 12:42PM
Is a vacant U.S. Senate seat considered a Level 3 asset?
Entry: At Least He Was Planning Ahead!
posted by Falcon
Dec 09, 2008 1:08PM
@22, thanks for the clarification. I have not finished the Chartered Financial Banalyst exam yet. After this arrest quotes may dry up. Therefore I may have to move this depreciating asset to held to maturity.
Entry: Protest At Blackstone Boston
posted by Falcon
Nov 25, 2008 3:48PM
@26. No. Investing to lowlifes like these means giving them a fucking handout.