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- Apr 3, 2004
- Messages
- 33,852
DOW-504..... NAZ -81 .....S&P-59
only good news is that oil price kept on going lower.Date: 9/15/2008 4:31:46 PM
Author: NewEnglandLady
Like you, DF, we are invested in a lot of energy stocks. We have had our *sses handed to use in the past 2 weeks--that''s just the nature of playing the market. Blah!
That''s the issue, we''re not shorting it!Date: 9/15/2008 6:24:32 PM
Author: Dancing Fire
only good news is that oil price kept on going lower.Date: 9/15/2008 4:31:46 PM
Author: NewEnglandLady
Like you, DF, we are invested in a lot of energy stocks. We have had our *sses handed to use in the past 2 weeks--that''s just the nature of playing the market. Blah!
Date: 9/15/2008 7:38:39 PM
Author: stone_seeker
what a nightmare.....i have a lot of friends at these banks who are now looking for work.
i shorted the energy market in March then sold my holding 2 weeks ago.Date: 9/15/2008 7:20:01 PM
Author: NewEnglandLady
That''s the issue, we''re not shorting it!Date: 9/15/2008 6:24:32 PM
Author: Dancing Fire
only good news is that oil price kept on going lower.Date: 9/15/2008 4:31:46 PM
Author: NewEnglandLady
Like you, DF, we are invested in a lot of energy stocks. We have had our *sses handed to use in the past 2 weeks--that''s just the nature of playing the market. Blah!
I hope I''m misinterpreting you.Date: 9/15/2008 7:38:39 PM
Author: stone_seeker
what a nightmare.....i have a lot of friends at these banks who are now looking for work.
very sad day. This will eventually trickle down to the rest of the NY economy...glad I already bought the ring (i think)
Deborah,Date: 9/15/2008 7:52:00 PM
Author: AGBF
Date: 9/15/2008 7:38:39 PM
Author: stone_seeker
what a nightmare.....i have a lot of friends at these banks who are now looking for work.
stone_seeker, are you a banker? My husband is, so he always knows people who are laid off when the financial services industries go through crises. Sometimes he''s among those laid off. In around 1990 or 1991 he was with Citibank when they laid off a lot of people. I cannot, now, remember if it was 3,000 or 5,000...but we were in the middle of trying to adopt our daughter and it threw us off course for a while.
When he was laid off in 2003 he was part of a support group of guys in the same position he was in. The first man in the group to get a good new banking job was hailed and congratulated by all the others. My husband just heard that he has now lost that job and that his wife is pregnant. I guess that shows that someone else''s position may look enviable, but not really be so enviable!
Deborah
Date: 9/15/2008 7:52:00 PM
Author: AGBF
Date: 9/15/2008 7:38:39 PM
Author: stone_seeker
what a nightmare.....i have a lot of friends at these banks who are now looking for work.
stone_seeker, are you a banker? My husband is, so he always knows people who are laid off when the financial services industries go through crises. Sometimes he''s among those laid off. In around 1990 or 1991 he was with Citibank when they laid off a lot of people. I cannot, now, remember if it was 3,000 or 5,000...but we were in the middle of trying to adopt our daughter and it threw us off course for a while.
When he was laid off in 2003 he was part of a support group of guys in the same position he was in. The first man in the group to get a good new banking job was hailed and congratulated by all the others. My husband just heard that he has now lost that job and that his wife is pregnant. I guess that shows that someone else''s position may look enviable, but not really be so enviable!
Deborah
I did. My apologies. Good luck on everything!Date: 9/15/2008 8:16:36 PM
Author: Harriet
I hope I''m misinterpreting you.
I wanted to short oil a while ago, but the other half nixed it.Date: 9/15/2008 6:24:32 PM
Author: Dancing Fire
only good news is that oil price kept on going lower.
Date: 9/15/2008 8:23:49 PM
Author: stone_seeker
I used to be a banker but now on the buy side at a hedge fund.
Date: 9/15/2008 9:20:03 PM
Author: AGBF
Date: 9/15/2008 8:23:49 PM
Author: stone_seeker
I used to be a banker but now on the buy side at a hedge fund.
I know you could work somewhere else, but do you happen to work in my hometown of Greenwich, Connecticut? Hedge funds=Greenwich.
Deborah
A colleague of mine was due to transfer to their HK offices last year - they called it off in July 07 and implemented a hiring freeze. It''s awful, but they''ve been in trouble for at least a year.Date: 9/15/2008 10:14:33 PM
Author: goobear78
I walked by Lehman Brothers this morning. It was like a death watch. News vans everywhere. Workers coming in to get their things. Very sad. My heart goes out to those who lost their jobs and who were not involved in this fraud game, but will end up hurt from it.
Date: 9/15/2008 10:02:15 PM
Author: Harriet
stone seeker,
What sector do you cover? The other half got a call from Amaranth when it was still alive.
titcrDate: 9/16/2008 9:20:51 AM
Author: Harriet
Law school.
timing is everything....remember when kids got their high tech degree in the early 90''s? JACKPOT !!Date: 9/16/2008 9:11:51 AM
Author: purrfectpear
Just curious but what does this do to new kids graduating with a degree in finance? With 5000 experienced people looking for jobs, doesn''t it make their degree almost worthless at this point?
Take advantage of the volatility while you can. Pick up stocks and mutual funds at a discount of their fair value. Maybe some of this bidding-down of the stock prices will ease up when the new short-selling rules take effect at 12:01 am, 9/18/08.Date: 9/17/2008 1:47:10 PM
Author: Dancing Fire
another ugly dayDOW -380..... NAZ-92..... S&P-50