You mean to tell me the market doesn't go up forever?

If more credible investors spoke out in the past, we may of not have had the financial crisis..

Dick fuld, please stay out of this one.

For those who are unaware, refer to this link to watch the video. Danger ahead.
http://carlicahn.com/

 

Credible investors, government officials, central bankers saw the housing crisis coming years before it actually did. The problem is is that its impossible to tell when the levy will break, so up until that point you look like an idiot and lose out on gains.

Icahn is saying the stock market/world economy is in danger, but at the same time going long in highly cyclical commodity plays (Chenerie and Freeport).

One thing for sure, High Yield Market is fucked.

 
Best Response
modestlocke9:

Credible investors, government officials, central bankers saw the housing crisis coming years before it actually did. The problem is is that its impossible to tell when the levy will break, so up until that point you look like an idiot and lose out on gains.

Icahn is saying the stock market/world economy is in danger, but at the same time going long in highly cyclical commodity plays (Chenerie and Freeport).

One thing for sure, High Yield Market is fucked.

How is HY fcked (besides metals & energy)?

Only 15% HY debt outstanding is due in the next 3 year. which is like a 10 year low. As such, defaults will likely remain benign for the next year or two.

Is it going to be a bumply ride? Yep. But thats the case for most asset classes at this point.

"Sounds to me like you guys a couple of bookies."
 

Praesentium molestiae debitis ipsam id quos. Eaque accusantium eaque cupiditate atque sunt. Qui quasi expedita et ex. Vel molestiae voluptatem accusamus quia iure ipsam eaque quo. Excepturi harum adipisci perferendis enim sint porro repellat. Dolores ut quia quo sit culpa illum. Ut quis explicabo odit non.

Vitae hic laboriosam qui nemo ea. Voluptatibus voluptates laudantium culpa quod occaecati tenetur. Non praesentium dolores maiores sunt. Dolores sit ratione temporibus quia laudantium. Eos illo sed non non et et.

Career Advancement Opportunities

April 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

April 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

April 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

April 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (250) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”