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Yes you are.....if you can make a lot of money doing it then do it.

How long have you worked for JP

So I take it there are no wall street traders on here

Really I know that seems to be the norm nowadays....which I never understood. I guess that shows you how truly hard it is to trade. They hire quants now with algorithms rather than traders. WTF Funny thing is they never hired quants for energy traders. My friends told me that they...

It's funny I had a friend that worked at susquehanna in Philadelphia. They recruited heavily out of Penn and Harvard. He said sometimes they hired high school dropouts that were great at poker and converted them into traders (that wasn't the norm though)

so true

Really...cool which one do you work at(O.K. if you don't want to say) I know a couple of guys that worked as energy traders but not on Wall street I think wall street is tougher. My one friend worked for a company called constellation energy and my other worked at direct energy as a junior...

I was just wandering if we had any True legitimate traders from wall street on this site. Guys from top firms? Just wandering and if so where do you work?

So true. You have to be smart to survive nowadays. That's why I save and reinvest all that I make. I would have loved to have done engineering in college....I chose economics. I started out making nothing.....like I said you have to learn how to survive and make it in life. It's so...

No it doesn't...it means that 10% unemployment are currently on unemployment. It doesn't account for all of the people that are off of unemployment and still unemployed. True unemployment is around 15-20%

I agree certain majors should be taken out...probably half of them or could be consolidated into other majors. It's funny I was talking to a guy at the gym the other day. He played college football at a major university and also played in the NFL.(Not very long though a year or two). He...

So True. College doesn't mean anything anymore unless you go back for something specialized. I wish I did engineering....everything else is bullshit. Engineers can go back and get an MBA and move up the corporate ladder

What's your business?

but it's not that's the problem....oil has tripled and real estate has been cut in half

I was too young back then but I'm assuming nobody bought back then...and nobody sold unless they had to. I can't imagine anyone buying a house a normal price at a 20% mortgage rate

that's exactly right....it's so funny realtors tell me to buy now because interest rates are low....it's the worse time to buy

How did real estate prices not plummet

That's a great point....I've been saying it all along. The Fed is creating so much inflation eventually it's going to hit and you have to raise rates like they did in the 70's. The really scary thing is that our whole country will go under if that happens. Banks aren't going to be able to...

You haven't seen anything yet in Real Estate....just wait until the fed has to raise interest rates and mortgage rates go up accordingly. That's really when it's all over with.

[/B] Real Estate is only going to get worse. Wait until we see 9 or 10% mortgage rates