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    One Man's Journey: A Path to Homelessness

    I am going to try this trick. Last night, the roaches were all over me while I was sleeping. I was batting them all night long. Fucking roaches, they are out of control. I got the boric acid. Getting the sugar next.
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    One Man's Journey: A Path to Homelessness

    I would have a long time ago, except I don't feel like joining the military these days has anything to do with service for the US. It has everything to do with service for private corporate interests. There was a huge loss of freedom over the last 50 years, so joining the military does...
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    One Man's Journey: A Path to Homelessness

    I don't feel bad for anyone, including myself. Though I will say I saved my family from getting their retirement wacked. I yelled at them daily and begged them not to keep their money in mutual funds during the credit crisis. Thank god they listened. Collectively, it's our fault for...
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    One Man's Journey: A Path to Homelessness

    Oh -- I want to point out that my big, terrible decision was just going to graduate school. I figured it'd help me learn enough to improve trading if/when I became a full-time trader, but the bet was just made at the wrong time. Highly, highly recommend against going to graduate school for...
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    One Man's Journey: A Path to Homelessness

    Parents live in another state. I haven't lived at home for 10 years. I've got no facade -- I live in a roach infested apartment with all second-hand clothes. My hobbies are just analyzing the market, so if I cut out my hobbies and entertainment, I'd probably save $300-$400 a month. Not...
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    One Man's Journey: A Path to Homelessness

    1) My bonus is "guaranteed" (if I am not laid off) to be a low 5 figure bonus. 2) I rent. ~$1300-$1600 a month. Paranoid to say the exact value, since my coworkers know what I pay for rent. 3) All I have left in my bank account is $7500, of which ~$5000 is going to tuition no matter what...
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    One Man's Journey: A Path to Homelessness

    Oh, this journal is a different kind of journal. I work on Wall St. and I am 28 years old. I can't trade because of various regulations, but I watch the markets very closely. There are rumors that some 10 to 15% of people at work are going to get laid off. There have been no dates set for...
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    Would the smart thing this year for wallstreet not to take the bonuses?

    Look, I didn't invent the system. I'm telling you what's in my contract and the contracts of other people I know. They split the salary and call the year end portion of it a bonus.
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    Would the smart thing this year for wallstreet not to take the bonuses?

    Why would it be riskless? One: I lost out big not being able to participate in the red hot commodities market. I would've made much more than what my bonus will be this year -- that is, if I don't get laid off before the bonus period. (See my other thread about my pathetic situation.)...
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    What kind of severance packages do ibank employees get after layoffs?

    I've only been around where I am since the spring, after getting out of academia [as a graduate.] In theory, the firm takes a loss on me if they turn around and dump me back onto the market. The reason is because they paid those recruiters heavily to get me on board. A point of interest...
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    Would the smart thing this year for wallstreet not to take the bonuses?

    The reason is because "bonuses" aren't always just performance bonuses. They are guaranteed as part of the package at the end of the year. So, for a low level employee, he may make 80k and then have a 20k guaranteed bonus. Not everyone is a hot shot executive. They break it down this way to...
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    What kind of severance packages do ibank employees get after layoffs?

    I'm asking because I'm about to find out [or possibly find out. Just assuming I'm the one who's getting axed.] Last round of layoffs, they let go of a guy whose utility was low. This time, the crew is already fairly slim in our group -- everyone has a critical role. I, however, am the...
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    Finally, dollar leads oil?, or oil leads dollar?

    Calculate the returns of both time series and then calculate the lagged-correlation of one vs another and vary the lag parameter and note the peaks. If a peak occurs at a particular lag, your answer is there. Localize the analysis to the regions of interest and use cross-validation...
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    serious psychological issue

    I mean this with all sincerity -- model your mood and mental problems with discrete time markov chain. After each trade you make, log state transitions and trade outcomes. Over time you should adjust your "mental" stochastic matrix to minimize long run probability of being in a disaster state.
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    Jim Rogers says all you 29 yo Wall Streeters driving Lamborghinis -

    I'm 28, I use the subway. How did the other guys manage to get to Maseratis?
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    Say you worked on Wall St. right now...

    This is a really good point.
  17. L

    Say you worked on Wall St. right now...

    What, like short? You can't "take out" anything when you're a regulated person. Most jobs at financial firms have you holding stock for at least a month.
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    Say you worked on Wall St. right now...

    What would you be doing? I can't say where I work since it'd get me fired, but it suffices to say that my firm's share prices have been exceptionally volatile. So, as an individual, how should I manage my life from here on out? Coworkers are all panicky, I think some have lost a good bit...
  19. L

    GETCO & Equities Market Making

    Ahh. How do they avoid risk in a fast moving market that doesn't come back? Buy options?
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