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Recent Market Commentary by James Investment Research (10/26 -10/30)

Stock Market Analysis

As our short term indicators had been suggesting some potential weakness, the Dow fell four out of five days last week. However, Wednesday's advance was enough to allow the Dow to squeak out a 0.1% gain for the week. Smaller stocks weren't so fortunate as the Russell 2000 small cap index fell 0.34%. In a sign of mixed markets, we only had a few more stocks declining in price than rising in price, but a few more setting new highs as opposed to new lows. Healthcare and cyclical stocks had the best week, while utilities fell the most.

Top Healthcare Groups?

SA candidate interested in healthcare.

What are some banks with top healthcare groups?

I know Jefferies and BAML are both solid.

Are there any banks with BAD healthcare groups that I should avoid?

All input is appreciated.

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Carlyle-owned fund refuses to refund near 2/3 of amount requested by investors

Interesting to see that one of the great companies is struggling right now. Anyone know anybody at Claren Road AM?

From WSJ (link inside the post):

A struggling hedge-fund firm owned by Carlyle Group LP won't immediately pay back about two-thirds of the nearly $2 billion that investors recently asked to withdraw, according to people familiar with the matter.

Claren Road Asset Management LLC plans to return about $650 million by the regular October payout date for redemption requests made in the third quarter, people familiar with the firm said. The firm intends to hand back the remaining $1.3 billion of exiting investors' funds over the next several quarters, the people said, but hasn't provided a date for the full return.

AMA - Analyst at top BB from non-target background

Hey guys - long time reader / occasional poster, made a new account for purposes of this AMA. Learned a lot from WSO as I was navigating the recruiting process, so hope to pay it back. Happy to answer any questions about the process / networking / the job / anything else that I can be helpful with.

My background:
Graduated from a non-target school (though there are typically 2-3 kids that go on to do banking each year) in May. Interned at a boutique (not elite boutique) bank during the school year and as a summer analyst. Went through FT recruiting, and landed a spot at a BB through extensive networking efforts.

Strong candidate — rejection?

Is it ever the case that a strong candidate is rejected because the bank suspects that he won't take the offer, if given one?

Looking to hear from an interviewer's point of view if possible.

Advice from an ex-IB MD - DON'T make these mistakes

Mod Note (Andy): Check out Wilowallstreet's AMA here. The AMA is still open and he is actively answering any question that you may have.

Someone asked me last week about all the mistakes I made and saw in my career. In my fifteen years, I made and saw lot of them. This post is going to be about what not to do and what I learnt from making those mistakes. The most important lesson for me: its always better to learn from someone else's mistake.


When I started I was just in a rush to get instant gratification, I wanted my boss to tell me I had done a great job. I would rush into a project, try to finish it as soon as possible, and take it to him to get my pat on the back. About three months into my first job, he asked me to put a deal model together for a client call. He gave me the day to do it. Honestly I was pretty nervous. I read through the documents, the presentations, and started putting it together. Three hours later, I thought I had something good. I checked it and emailed it to him, feeling quite smug. Why did he think this would take me the day!! This was as easy 3 hour job, maybe 4 hour at best. I went to lunch, talked to some friends. I received an email reply from him saying 'wow you are so fast'. I was feeling pretty satisfied. I got the affirmation I needed. I was just coasting now till the 5 pm call. I got the print outs ready. Here we go, my first client call.

Deaf Looking to Break In

Hey everyone! I have been following this site and enjoyed contents from different kind of people. Since my experience is unique, I decided to post this and see what your thoughts are. (It might be.... slightly long post, but hope you will read it!)

Born Deaf

I was born profoundly Deaf and uses American Sign Language exclusively. I lip read decently, but not reliable. I went to a deaf school K-12 and Gallaudet University's business school for BS in Business Admin.

On Campus Recruitment and Networking: A guide

Recruitment Season

Since it is recruitment season, I thought I would write this post.

For all those currently undergoing On Campus Recruitment, being a great network-ER is key. First impressions last and you need to make a great impression on the bankers.

But after being to my fair share of networking events, I have noticed that many aspiring students come to the info sessions, but fail to network effectively. Some students manage to hold some of the most awkward conversations I have ever seen and ask the weirdest of questions.

But it's understandable: Putting yourself out there and meeting new people is not a walk in the park.

So, in order to help out anyone who is willing to listen, I am going to list out some networking "moves" that have worked for me:

Building an REPE Shop

So I've recently begun to think in more detail about how to set up my own REPE shop - realistically starting 5 to 10 years from now. One thing I am struggling with is how to finance the early days of the operation. I'm realistically going to be able to contribute say $2-$3 million of equity, but based on my assumptions for operating costs with a 7 man deal team (including me), 2 finance people and 2 admin, plus office space, travel, placement agents, legal, etc.

Interviewing after four month at current job

I'm currently in finance at Bank of America. I received an interview with a top 4 consulting firm for an Associate position. The problem is I've been at my current role for four months.Is this bad to do? Consulting is my dream job.

WSP: Financial Statement and DCF Modeling Boot Camp -- London

This instructor-led boot camp is a 2-day intensive training program where trainees learn financial and valuation modeling in Excel using an intuitive, step-by-step approach. Participants will use real case studies to build financial models from scratch the way it is done at financial institutions.

November 5, 2015 - 8:00am to November 6, 2015 - 5:00pm
Event type: 
Other Meetup
WallStreet Prep Master Financial Modeling