Chartered Market Technician

advdvnvp — Tue, 01 Jan 2008 11:40:05 -0500

I was wondering what you all thought of the CMT designation... I will be hanging out in graduate school for the next while and I was thinking of taking CFA and CMT exams simultaneously to help me move into trading. I will be interning doing various things also. I just want to know if the CMT is considered valuable, and if there are other exams I should consider.

Two Internships

advdvnvp — Mon, 27 Aug 2007 16:06:48 -0400

I posted this in another forum but didn't get any replies.

My situation is that I've just done an internship in research, and could probably leverage it into a full-time offer, but I don't want to because (a) I have a quant background, including work experience, that would be useful for something like trading (which I might possibly enjoy more than research), and (b) I would like to get a master's degree (this will take one year).

ER Associate

advdvnvp — Wed, 16 May 2007 14:32:42 -0400

I have another wildly speculative question, so here goes. Suppose a person spends 2-3 years after graduation geting an M.Phil or some other postgrad degree in Economics, passing the CFA exams, and interning a bunch of times in ER. Would that place well for an Associate position? And would there be quality buy-side positions available too? It sounds like a nice plan as a possible alternative to bec

A List of ER Shops

advdvnvp — Sat, 07 Apr 2007 11:27:39 -0400

Would anyone here have a list of sell-side ER businesses? I've looked at the firms voted onto the All-Europe and All-America research teams by Institutional Investor but I am interested to find out more about boutiques and smaller firms too. Thanks!

How Good Is Fundamental Analysis?

advdvnvp — Sun, 01 Apr 2007 21:42:03 -0400

I know most of us have read "A Random Walk Down Wall Street", but I thought this excerpt might kickstart a discussion. Enjoy...

In the beginning was a statistician. He wore a white, starched shirt and threadbare blue suit. He quietly put on his green eyeshade, sat down at his desk, and recorded meticulously the historical financial information about the companies he followed. The result: writer's cramp. But then a metamorphosis began to set in. He rose from his desk, bought blue button-down shirts and gray flannel suits, threw away his eyeshade, and began to make field trips to visit the companies that previously he had known only as a collection of financial statistics. His title now became security analyst.

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Question about hours

advdvnvp — Sat, 24 Mar 2007 16:20:25 -0400

I know ER is not meant to require so many hours as iBanking, but is it unusual for someone to put in a lot more hours than they actually need to? Just curious.

Profile Options

advdvnvp — Fri, 23 Mar 2007 11:28:40 -0400

Hi, just a small suggestion. I started tinkering with my profile, and I found that under "Industry" there is no Equity Research option. Perhaps there shoud be?

Get CFA in Senior year?

advdvnvp — Thu, 22 Mar 2007 12:57:11 -0400

Hi, is it a good idea to try to get CFA level 1 during your senior year?

"Forward P/E"

advdvnvp — Thu, 15 Mar 2007 22:26:55 -0400

I've noticed that a lot of reports use the "forward P/E" based on the expected earnings. However, in commentary on chapter 14 of The Intelligent Investor by Ben Graham, Jason Zweig (2003) writes:

"...the prevailing practice on Wall Street today is to value stocks by dividing their current price by something called "next year's earnings." That gives what is sometimes called "the forward P/E ratio." But it's nonsensical to derive a price/earnings ratio by dividing the known current price by unknown future earnings. Over the long run, money manager David Dreman has shown, 59% of Wall Street's "consensus" earnings forecasts miss the mark by a mortifyingly wide margin - either underestimating or overestimating the actual reported earnings by at least 15%. Investing your money on the basis of what these myopic soothsayers predict for the coming year is as risky as volunteering to hold up the bulls-eye at an archery tournament for the legally blind."

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TMT

advdvnvp — Thu, 01 Mar 2007 20:02:51 -0500

Everyone loves TMT. Why?