Thank You Mr. Greenspan

Although Mr. Greenspan is no longer officially the Fed chairman, it appears as though the markets and the masses, still quiver with anxiety whenever he mouths off.

Thanks to Mr. Greenspan and his poignant remarks, the market immediately shat on itself today, undoubtedly apprehensive about the future of the economy now and by the year's end.

So will someone tell me this, I know this guy has an unparalleled repository and applied knowledge of historical economic data and market analysis right? So much so that he has to virtually issue publicly indecipherable market opinion and analysis not to induce a widespread panic on a larger scale; (as experienced to a small degree today,) but can he at least consult with Bernanke before parting the Red Sea?

Fuck.

 

You know, I was just reading an article on Bloomberg today that said how low inventroies will keep fueling the economy; the demand for housing is slowly picking up, and consumer confidence is at its highest; I was thinking how ideal everything is to observe sustained growth for at least a couple more years and then all this happens. So sad

 

Is tomorrow morning a buying opportunity?

Goldman Sachs-Down 18 Apple -Down 5

Among numerous others... The momentum effect we all witnessed today is truly scary! Literally, it was a domino effect.

Have the fundamentals changed that much in the last 24 hours?

 

No, the momentum you mentioned will most likely carry through into tomorrow. I'm guessing people are going to want to protect the gains they have and will therefore sell. If I were you, I would hold off a few days and just monitor the market and try to get a feel of where its going. Consider buying if the markets rally into the close.

 

Ugly is relative, right?

Tomorrow may be the perfect day for general portfolio repositioning. Anything you hold short-term is a tactical trade, no? There may be several attractive opportunities tomorrow to take positions in equities which may have dropped 20%+ but otherwise have strong fundamentals.

Also, several issues may yet have further "correction" and staking a short sell on them wouldn't be a bad idea.

Finally, PM's always look to reduce cost basis on portfolios and tomorrow is a good a time as any...

Just my ramblings though... what do I really know?!?

 

Damn. I knew I should have sold my Chinese portfolio when Shanghai was near 3000...Valuations were way out of whack.

Still bullish on the U.S. market though. Liquidity is at historical highs. Yield gap (equity versus government bonds) is a couple of standard deviations below historical average. And PE of S&P is only 16. Once investors realize that emerging markets are overvalued, they'll retreat to the domestic market. Looking for 14000 in the year 2007.

 

aadpepsi, Yea, I agree with what you are saying. If a company I liked before today was down around 20%, then I would take a larger position. Same with shorting any weakness or further corrections. Although, I don't know how much money PMs will have on the side to be able to go in and take advantage of the lows as a chance to average down, at least not in a way that will substantially affect the overall market. I say that because of the extended rally we've had and the fact (or my perception) that institutional buying has had a hand in keeping the rally afloat. But to quote you aadpepsi...what do I really know?!?

 

Nostrum atque aut sunt dolorum ut commodi quaerat. Vero consequatur voluptatem dolorum reprehenderit est non omnis ducimus. Eius aliquid possimus sit aperiam. Suscipit voluptatem earum ut et.

Et aut quo vel quidem. Dolores porro consequatur natus voluptatem possimus ullam.

Tempora molestiae ipsam quos quis non voluptatem aperiam. Quia qui vero repellendus. Autem velit repellendus sit perferendis. Voluptatem fuga corporis praesentium nihil non.

Recusandae quasi quas aliquid iste nihil repellendus sit qui. Ratione et voluptatibus et quibusdam earum debitis ut. Porro aut aperiam non qui laborum repellat. Voluptatum et et quo.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
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
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
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...”