Entry: The Human Toll Of Bear Stearns: Dread On The Commute

posted by JorgeCad

Mar 21, 2008 12:00AM

Been following this string and my only thought is this, get over it. Market puked, after way too many good years, and now BSC is the sacrificed lamb. This has happened before, it happened now and it will happen again.

Folks you don't work for McDonalds, it's the nature of the game on the street. You can win big or flame out large. I can not even believe I have to point this out. Too bad - so sad.

Entry: The Human Toll Of Bear Stearns: Dread On The Commute

posted by JorgeCad

Mar 21, 2008 12:15PM

@9:03
No drama, no lameness. Face it, the beast of Wall Street turned on you large. Sorry about your luck. How do you think Joe Lewis feels?

It's really too bad because, I know, BSC has alot of great people. But again, you live by the sword and die by the sword.

I hear McD put out some amazing results, why not give them a shot, at least its real work.

Entry: Jobs Of The Week: Work At, You Know, And Think You Might Need One?

posted by JorgeCad

Mar 23, 2008 4:35PM

Commodities are the next bubble to burst. You are too late to cash in.

Taking a job in commodties is akin to taking a job at NorTel. You will receive countless promises of riches, but when you arrive, you will find there is nothing there.

Mark my words. Oil will settle back large, probably around $75. The speculative bubble is about to burst. My rationale:
(1) Alberta, Canada has enough oil to feed USA and China, from its tar sands, for about 200 years. Yes it's an ugly process but it works. I am told b/e point for this process is around $45/BBL

(2.) Cartel is not stupid, they know this fact. OPEC completely understands this fact. That is why OPEC is so non-differential. All the cartel does is watch and listen.(to date - BTW the Canadian reserves I speak of are not part of the cartel, they control roughly 40% of the market)

(3.) Hedge funds are collapsing as I type this. They will quickly learn BSC's lesson. Once the credit lines dry up, you are stuffed. So oil is a fool's game ... still in?

geo

I can assure you, once this realization hits the market, the BSC flame-out will look like a picnic.

Entry: Bashing The Bear Stearns "Bailout"

posted by JorgeCad

Mar 25, 2008 6:05PM

Folks,
Here is an interesting perspective on the mess that has transpired
http://www.reportonbusiness.com/servlet/story/RTGAM.20080324.wworld0325/BNStory/Business/

Entry: Write-Offs: 03.25.08

posted by JorgeCad

Mar 25, 2008 6:18PM

thx for the bit on SocGen. This story fell under the radar today, but you picked it up.
This news is huge, read SocGen knew exactly what was going on. They chose to do nothing as long as dude made money. That is why only rogue traders that lose money are reported (credit to DB on that one).
Curious to see how SocGen manipulates this news.
My call, as in WWII, they will say surrender was the only option, even when they knew for months what was coming and did absolutely nothing.

Entry: Is The Holocaust Considered A Religious Event?

posted by JorgeCad

Mar 28, 2008 5:49PM

Oi gevalt. Kopf in orst. Arbeit mit frei.... blah blah allo old news.
Seriously, you kind folks of the chosen people, stop reacting, it just gets worse when you do.
We all know that the Holocaust was terrible, we don't need your reminders. Sadly it is not the only known genocide in recent history. It is just the best publicized. So let it go.
Kudos to Bess - you rock.

Entry: We're only 2 comments away from breaking 100.

posted by JorgeCad

Mar 28, 2008 6:02PM

Oi gevalt. Kopf in orst. Arbeit mit frei.... blah blah allo old news.
Seriously, you kind folks of the chosen people, stop reacting, it just gets worse when you do.
We all know that the Holocaust was terrible, we don't need your reminders. Sadly it is not the only known genocide in recent history. It is just the best publicized. So let it go.
Kudos to Bess - you rock.

Oi gevalt. Kopf in orst. Arbeit mit frei.... blah blah all old news.
Seriously, you kind folks of the chosen people, stop reacting, it just gets worse when you do.
We all know that the Holocaust was terrible, we don't need your reminders. Sadly it is not the only known genocide in recent history. It is just the best publicized. So let it go.
Kudos to Bess - you rock.

Entry: Happy Birthday DealBreaker!
I’m So Out Of Here

posted by JorgeCad

Apr 03, 2008 5:49PM

Dear John (get it hahaha),
Enjoy your sabatical, I mean vacation, you will be missed. Thx for all your efforts, you saved me a pile of $$ on BSC mate.
For that I owe you at least one lap dance at Scores and a shot of Jameson's glory.
Always remember when the sh*t hits the fan, chose cover, cover is always better (thx Al Pacino)
cheers,
Jorge

Entry: Raise Your Hand If You're 100 Percent Pleased With Your Bear Experience

posted by JorgeCad

Apr 11, 2008 8:31PM

@4:05 has nailed it perfectly.

I am not a broker, so really don't care about "know your client" rules. All I can say is this, the dude knew exactly the risks he was taking.

Like Joe Lewis, he thought he was smarter than all of us. He was wrong. Sadly, it does not matter.

Like the billionaire that he (they) are, always remember this, its just a game for these dudes. I can assure you, its really nothing for them. They will be fine. "just a drop in the bucket" for them.

I can assure you that Joe has all sorts of stuff hapenning in The Bahamas. The old man probably does not even care!

geo

Entry: Layoffs Watch ’08: BNP

posted by JorgeCad

Apr 17, 2008 5:36PM

Didn't SocGen recently report a lay-off - Jerome Kerveil. No wait, I think he is still on their pay-roll,something about french labour law?
At least Bouton got kicked upstairs, to Chairman, where he can bask in his legacy.

Entry: Write-Offs: 04.18.08

posted by JorgeCad

Apr 18, 2008 7:57PM

Adorable Julie, in pig-tails and all.

Am sure she said something about going long "the dong". Am sure I can assist in any carry-trades. Go long dong, and carry Julie.

Just another FX strategey.

Entry: LIBusted

posted by JorgeCad

Apr 18, 2008 8:27PM

LIBOR is alot like the "London Gold Fix". It is directional and not to be trusted.

Stupid bitches if I have to point this out. You don't think it's manipulated?

Entry: 1997 And All That

posted by JorgeCad

Apr 22, 2008 6:06PM

Thank God Carney is not reporting on the Vietnamese (SP?) Dong. I just could not bear the dumb jokes and comments.

BTW - PE is doing a great job, careful Carney! You are missed but, damn, your replacement is good.

Though I see your angle, vaca in the Far East, next thing you know it, you are Far East correspondant.

Hope it works out mate.

Entry: The Swiss And Disaster

posted by JorgeCad

Apr 24, 2008 10:15AM

Anyone that has had the good fortune to visit Swissie knows that CH is one of the most highly fortified nations on earth. Compulsory military service until 55, hidden gun emplacements on highway passes, hidden runways etc etc
There is a good reason that all the rogues deal with Swissie, they know they will always be there.

Entry: Alan Greenberg's Big Gift

posted by JorgeCad

Apr 28, 2008 11:09AM

@1103. Right on mate. Well said.

Entry: Layoffs Watch '08: Getting Fired From BP Apparently Not So Bad

posted by JorgeCad

Apr 30, 2008 6:13PM

BP, ExxonMobil, Total etc.. They are all the same. They are just riding the bubble and seem to ignore it will implode. Sorry hedgies and oil traders, you are riding a very dangerous wave.

Loved the Rockefeller family's comments about good old-fashioned oil. In short, we all know its eventually dying. Just wait until the general population react to obscene price-gouging. In other words, my opinion does not matter, but the consumer's opinion does. Do not under estimate market shifts.

Pure oil companies will become like purveyors of buggy whips, in the last century, they will just disappear.

http://www.theglobeandmail.com/servlet/story/RTGAM.20080430.wexxon0430/BNStory/energy/home

Entry: Jeff Martz's 61-Day Career On Wall Street

posted by JorgeCad

May 06, 2008 6:00PM

Looks like Jeff Martz turned adversity into opportunity, or perhaps blind luck? ...not - read on.
He ended up in RU and LV at the exact right time, ie new economies embracing capitilism (well sort of) with oligarchs looking to hire anyone that had any remote I-Banking skills, coupled, of course, with local language and cultural skills.
Dude was just in the right place at the right time.
Read the dude made out like a bandit, based on his very limited experience. My guess, he is a billionaire (at the very least a multi-millionaire.)

sucks eh?
Jorge

Jorge

Entry: We're Going To Be Huge In Calgary

posted by JorgeCad

May 08, 2008 5:55PM

Yes #1, just voted... 315 votes and counting lads. All is right now in the G&M's pathetic stab at being with it.
(of note lads G&M is Canada's version of the NYT - just worse)
Carney may want to celebrate tonite with some of Canada's finest: Canadian Club, Wisers Deluxe, and when your line is cut - Molson Canadian.
cheers!

Entry: Write-Offs: 05.09.08

posted by JorgeCad

May 11, 2008 7:00PM

London calling mates. Julie is a mirror of your small and randy minds. Keep trying as you follow USD down to worthless.