The Squeeze Continues

Quote from waggie945:


They are out to RULE THE WORLD, and we are just total morons, and don't have the brains to make a distinction between hype, rhetoric, fiction, or fact.
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Allan Greenspan is worthy of my attention and desrving of some measure of trust. The other characters on CNBC typically are not....

We dont bother with information channels which are comprised of disinformation or which are void of valuable information. For news bulletins and information we dont use CNBC and dont allow it in our trading rooms. If you think it is valuable then I encourage you to use it ....
 
Quote from Mecro:

Nowdays it is all about who you know. And it starts as early as internships, a sad truth I had to face since I did not have ANY hook ups.
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So, is this why you sound so bitter? Smarts alone don't mean shit. You need the Kahunas, too. Of course it helps to have contacts, but to suggest that its ALL about who you know is BS. If you think its so easy, start your own fund.:D :D
 
Quote from Arnie:



So, is this why you sound so bitter? Smarts alone don't mean shit. You need the Kahunas, too. Of course it helps to have contacts, but to suggest that its ALL about who you know is BS. If you think its so easy, start your own fund.:D :D
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Huh,

Yeah I'm a little bitter cause busting your ass and losing out just because you did not have your father's friends to polish your resume is just a little unfair, don't you think?

Regardless, there is just too much competition, not enough jobs and too many qualified candidates. It simply comes down to who you know. Almost all the kids that got the best jobs from my class did it all through connections. And I went to Rutgers, a state school.

Hey, I'll start my own fund. You got some money and some rich friends?
 
Quote from CalTrader:



I would have to disagree. I know this mathematical analysis world very well and I would never characterize appearences on CNBC or any other media outlet as being driven by the need to "teach", "coach", or anything else. People go to the media for one reason: to pitch a position that enhances theirs. I am not saying that they intentionally make these public statements with intent to defraud. What I am saying is that the appearences are driven by the need to enhance their marketability or propagandize some piece of information.

Attributing any other motive to these marketiong opportunities is an error IMHO. Acting on any piece of information that these people present is a major error - although there is rarely any useful information presented by such people and most of it is nearly devoid of any true insight or new information.
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Hehe, kinda like the head tech analyst of Merrill Lynch (who makes 2 mil a year base), going on CNBC and telling everyone that the market is great and the economy is even better and to buy buy buy in March 2000.
 
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