Your Thoughts on 2012

So 2012 is essentially over and it's been an interesting year by all accounts. I think it's been a fairly bad year, both geopolitically and in terms of finance (although for myself it's been quite good!). Some of my key moments of 2012:

  • LIBOR - Global hatred of bankers reached new highs this year with various scandals including money laundering, derivative mis-selling and of course, LIBOR manipulation

  • Heightened tensions in the Middle East - Iran, Israel, Palestine, Syria, all of these have been involved in conflicts of some sort and it seems like this will only escalate further in 2013

  • Chinese power change - Although there was a US election, whoever won the policies were going to be broadly the same. The world's second superpower China also had it's first change in leadership for a decade. Currently they seem to be planning the same kind of policies but who knows what direction China will take over the next year

So monkeys, what are your thoughts on 2012?

Comments (20)

Dec 26, 2012

JP Morgan up 30%, despite being involved in one of the greatest trading scandals of all time.

    • 1
Dec 26, 2012

I tend to look towards the future. Until I can finish up my degree and buy a couple more investment properties I'll stay this way.

To answer your question though, I feel like I'm getting more stupider. The direction of America as a large group of fat, lazy, consumer credit stretching retards coupled with my four alarmingly unfulfilling years in the military is to blame. I can't wait to be a young urban professional and surround myself with people who are smarter than me.

Dec 26, 2012

Pandit's forced resignation, raising questions of moral dilemma. Knight Capital losing an absurd amount of money in a few hours, prompting HFT debates. Gupta being sentenced to jail with his pal Raj. Meaningless Dodd Frank hearings back in the Spring, and Jamie Dimon making a mockery of Senate hearings intended to crucify him. Facebook teaming up with Morgan Stanley for a lesson on how not to handle IPOs.

Foremost, the founding of hedge fund juggernaut Lumina Investments. It's been a big year.

    • 1
Dec 26, 2012

what in the world is Lumina Investments.

Best Response
Dec 26, 2012
JasonLoh:

what in the world is Lumina Investments.

Bro, do you even invest?

    • 2
Dec 26, 2012

Regarding with what happened between Israel and gaza, I believe what Israel has done was completley necessary and that Gaza needs a reality check.

    • 3
Dec 26, 2012

i stopped keeping up with the market, but isn't the S&P up like 11% YTD?? my company's stock is almost back to pre-recession prices. unemployment numbers may be crappy, but i think the blue collar folk are bearing the brunt of it... i've get hit up by recruiters several times a month.

so in the tiny bubble of things that are important to me, 2012 was a good year. i think we'll see more of this going forward... knowledge workers and the wealthy will be doing ok, while the outlook for the working class continues to be bleak.

Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?

Dec 26, 2012

I somehow missed the whole Lumina Investments thing. I'd heard of it in passing, but this is honestly mind blowing.

In my view, this is more ridiculous than Aleksey Veyner. Just...wow. It's like, four kids thought it'd be cool to have titles like "Managing Partner" and took it a little too far. It's like they're sitting there in this interview speaking how they're supposed to speak. So cringeworthy I can't even handle it.

Dec 26, 2012
TheKing:

t's like they're sitting there in this interview speaking how they're supposed to speak. So cringeworthy I can't even handle it.

In all honesty I can't make it through the full interview dude. Just makes me feel awkward to the core

Dec 26, 2012
CaR:
TheKing:

t's like they're sitting there in this interview speaking how they're supposed to speak. So cringeworthy I can't even handle it.

In all honesty I can't make it through the full interview dude. Just makes me feel awkward to the core

word. too many dumbasses come out of college thinking they're special nowadays, so this is all too common.

Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?

Dec 27, 2012

Draghi saving the euro and the fiscal cliff.

"The way to make money is to buy when blood is running in the streets."

-John D. Rockefeller

Dec 27, 2012

The Hobbit was c r a y

Dec 27, 2012
Oscar_chow:

The Hobbit was c r a y

eff that.. DJANGO was c r a y

Dec 26, 2012

How could I forget!

Hedge Funds finally doing some good by exposing Herbalife (Stock is down 47%)

http://www.wallstreetoasis.com/forums/einhorn-crus...

http://www.wallstreetoasis.com/blog/waging-a-moral...

Definitely my favorite part of 2012 when it comes to markets & investment

Dec 27, 2012

I can't even believe they were able to raise anything close to a million

Dec 27, 2012

In equities: HLF, GRPN, AVP, HPQ and FB. All amazing stories, each deserving a book of their own.
In bonds: more of the same, G3 ZIRP, maybe the highlight was the AMAZING rally in LatAm long-dated bonds, especially inflation linked Colombia, Mexico and Brazil. The world has changed.
In commodities, shale gas / oil, for sure, and the revival of a few mining guys here and there.
In currencies, MXN vs BRL is a great story, a case study of how the market reacts to poor policymaking, despite relatively similar fundamentals. JPY may bring news for 2013.

Happy holidays!

Dec 26, 2012
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