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Started By
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Trader's candid interview on BBC goes viral
Posted on 9/27/11 at 5:11 pm
Posted on 9/27/11 at 5:11 pm
quote:
"Governments don't rule the world, Goldman Sachs rules the world."
That's what a purported London-based independent trader named Alessio Rastani told the BBC on Monday in a jaw-dropping interview that quickly went viral.
Interview video
Yahoo article
2
Posted on 9/27/11 at 5:24 pm to rickgrimes
Watched this last night.
It scared me a little bit. The CFA newsletter summed my feelings up well.
It scared me a little bit. The CFA newsletter summed my feelings up well.
quote:
It is difficult to know how to take a recent BBC interview in which stock trader Alessio Rastani says he's been looking forward to the next recession so he can profit from it, according to The Economist. "Between the remarkable take on the global economy in this video and the interviewee's traderly insouciance, I'm not sure whether to laugh or cry," an Economist Free Exchange blogger writes. "Or grab a pitchfork. Or call him for investment advice."
Posted on 9/27/11 at 5:33 pm to TheHiddenFlask
I'm always highly suspicious of anyone billed as an "independent trader".
Posted on 9/27/11 at 5:52 pm to Tiger JJ
quote:
I'm always highly suspicious of anyone billed as an "independent trader".
Why out of curiosity? Also, I don't believe his doom and gloomm scenario is going to come to fruition.
Posted on 9/27/11 at 6:03 pm to rickgrimes
Meh. He's another guy with an opinion. Reminds me of Cramer and his "House of Paaaaain".
Posted on 9/27/11 at 7:38 pm to Tiger JJ
quote:
I'm always highly suspicious of anyone billed as an "independent trader".
Mind elaborating?
Posted on 9/27/11 at 7:55 pm to John Merlyn
Some of them end up pulling shite like this guy.
Posted on 9/28/11 at 7:28 am to Doc Fenton
quote:
Some of them end up pulling shite like this guy.
Obi-wan Kenobi? Impressive, we're screwed.
Posted on 9/28/11 at 7:46 am to Tiger JJ
quote:
I'm always highly suspicious of anyone billed as an "independent trader".
Per NPR this morning he is not a stockbroker, just some random guy who dabbles in the market. Everything is fine, no reason to panic.
Posted on 9/28/11 at 8:39 am to John Merlyn
quote:
Mind elaborating?
I can't speak for JT, but the role of a trader is a support role, in my mind. They just work in orders for other people. I have no idea what independent traders would do, unless that just means he manages his own money.
Posted on 9/28/11 at 9:52 am to TheHiddenFlask
quote:
I'm always highly suspicious of anyone billed as an "independent trader".
Kind of like someone who always calls themselves "entrepeneur" but doesn't have an actual business.
Posted on 9/28/11 at 10:34 am to TheHiddenFlask
quote:
I can't speak for JT, but the role of a trader is a support role, in my mind. They just work in orders for other people. I have no idea what independent traders would do, unless that just means he manages his own money.
Yeah. It's not even a real thing. Are they money managers? Investors?
Another pet peeve I have is when they do things like report on options activity and say things like "traders today are betting on XYZ". Um, no. The traders are handling the public order flow that is coming in to them and is dictating the direction of everything.
Posted on 9/28/11 at 11:00 am to TheHiddenFlask
*hijack* Flask, I applied for an interview with your employer on Careers2Geaux. Will have to get your opinion on a few things at some point.
Posted on 9/28/11 at 11:20 am to RemouladeSawce
Tonight isn't good. I can talk to you tomorrow night, though.
Posted on 9/28/11 at 11:51 am to Tiger JJ
Assuming the firm doesn't trade for its own account. But, in this event, this guy just looks like a random, but I haven't done any research on his pedigree.
Posted on 9/28/11 at 11:55 am to TheHiddenFlask
No rush. You in BR or NOLA?
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