UVA - M.S. in Commerce

WxOnWallStreet — Tue, 18 Nov 2008 22:45:47 -0500

Hey all, got a friend from a science background who graduated last May and has been working in his field since then. He's looking to make the move into finance (trading specifically I believe) and I immediatly thought of a program I heard about earlier in the year; the Masters of Science in Commerce from UVA's McIntire School of Commerce. I know that the program is very new but does anyone have any thoughts as to how useful it would be to someone looking to make a career change shortly after graduating? I have to assume that recruiting would be great thanks to Darden and McIntire which both rank very well. It's only 1 year and allows for a second semester concentration in finance.

Will the lows hold?

WxOnWallStreet — Mon, 17 Nov 2008 08:51:23 -0500

Anyone think we hold the October/last week's lows or do we break through and head significantly lower over the next few weeks?

Morgan Stanley near 7 bucks a buy?

WxOnWallStreet — Fri, 10 Oct 2008 13:17:18 -0400

Is there anyone out there enticed by MS trading near 7 bucks? Maybe an opportunity to speculate at least in the short term on a pop in MS stock price next week?

Commodities -- UBS out, others to follow?

WxOnWallStreet — Thu, 02 Oct 2008 15:53:12 -0400

UBS announced today that they will be closing their energy and soft commodities trading desks. Anyone think this is a localized (UBS) issue or the start of a trend?

Everyone's a comedian...or economist

WxOnWallStreet — Sun, 28 Sep 2008 23:35:41 -0400

Anyone happen to watch the Sunday night game between the Eagles and Bear? If so, some eye-rolling comments made by announcers Al Michaels and everyone's favorite John Madden.

They are quoted in the article below:

Sign of the Times, N.F.L. Edition
September 28, 2008, 11:26 pm Link to This

Did you need a reminder of how deeply Wall Street’s woes have pervaded American culture? Here’s the latest, hours after Congressional leaders announced that they have agreed on a compromise plan to bail out big banks.

During the fourth quarter of the Sunday night National Football league game between the Philadelphia Eagles and the Chicago Bears, the referee said that the scoreboard was frozen. NBC commentator Al Michaels responded thusly: “Scoreboard’s much like the credit markets. So they’ll try to unfreeze it.”

Is there a future for commodities at banks?

WxOnWallStreet — Mon, 22 Sep 2008 17:02:38 -0400

Any thoughts on the future of commodities trading by banks? Universal banks have been trading commodities for years now (Citi and JPM both have extensive energy operations). Goldman and Morgan Stanley already have very large commodities groups, both physical and financial. Could upcoming regulations and limitations cause some banks to scale these operations down to limit risk/exposure to these volitile markets?

Goldman and Morgan Stanley no longer "I-banks"

WxOnWallStreet — Sun, 21 Sep 2008 22:05:57 -0400

The end of an era.

WSJ reports: Goldman Sachs, Morgan Stanley To Be Bank Holding Companies...The Federal Reserve said it had approved the transformation of both Morgan Stanley and Goldman Sachs from investment banks to traditional bank holding companies, a step that would place the last two Wall Street titans under the close supervision of national bank regulators, subjecting them to new capital requirements and additional oversight.

Benefits of a universal bank?

WxOnWallStreet — Thu, 18 Sep 2008 10:32:01 -0400

What are the benefits to the combined banking model vs I-bank only model?

Will NYC remain the financial capital?

WxOnWallStreet — Wed, 17 Sep 2008 19:07:43 -0400

Will New York City stay the financial powerhouse it has always been considering many of the parent companies of the new "superbanks" are based elsewhere?

How will this change things?

WxOnWallStreet — Mon, 15 Sep 2008 19:43:45 -0400

There's been talk about how once the dust settles, big changes will be in store for how the remaing banks will operate in the future. Just what sort of changes are could we be facing as an industry? Are large bonuses a thing of the past? Will new risk management measures reduce the amount of trading and asset classes banks will be involved in? Any thoughts?