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re: The S & P VIX went over 22.5 today

Posted on 7/28/11 at 4:33 pm to
Posted by Sid in Lakeshore
Member since Oct 2008
41956 posts
Posted on 7/28/11 at 4:33 pm to
quote:

A lot of industry people expect MMR to be a major player in the gas market very quickly.


:blackbeard:
:daveyjones:

It would be nice if the price of Natural Gas would rise a bit......the US will likely be exporting a good bit of it soon.

LINK
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 7/28/11 at 5:03 pm to
Nice. I need some green on GGB. I'm heavy right now. Once I cash out I'm going to sit on bid on ERSO and play the spread a little until the market calms down some. Although the intraday volatility on the VIX is also tempting.

There's something that really stands out about ERSO in its recent news releases. It's somewhat beneath the surface. Since the stock is so illiquid, I'm going to stay quiet until I get in. But feel free to play along
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 7/28/11 at 5:06 pm to
I hate BI so so much.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 7/28/11 at 5:12 pm to
Check out the LSU Finance FB page. I'm not on FB but someone showed it to me. There's a write-up about the girl from LSU who was just hired by GS IBD ... straight outta undergrad. Unreal.

ETA: and not some remote office either. Straight up NYC
This post was edited on 7/28/11 at 5:15 pm
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 7/28/11 at 5:22 pm to
Checked it, didn't see it. Dunno.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 7/28/11 at 5:26 pm to
LINK

ETA: Someone just showed it to me and I assumed it was on the home page. I'm now noticing that it's actually pretty dated. At least we all have a face to direct our envy towards though.
This post was edited on 7/28/11 at 5:29 pm
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 7/28/11 at 5:31 pm to
JD/MFIN ... interesting?

LINK
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 7/28/11 at 5:36 pm to
She looks devilish in that picture, props though. I saw the JD/MFIN thing. If I was in your position where I was in law school but interested in finance, it seems like a logical choice. Outside of that, unless they plan on offering some kind of specialized classes that bridge the two subjects in some form, I fail to see any real gain from it, to be honest.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 7/28/11 at 5:49 pm to
Yeah, I would agree with that. Though I thought about getting an MFIN, I realized that it would really just be a luxury. 90% of that theoretical shite I would probably never use. There are plenty of people with either (a) only undergraduate degrees or even (b) no formal finance education that do perfectly fine in ER, IB, etc. Finance isn't like law or medicine where a formal education is a gatekeeper. It's not like you really need a professor to teach you how to conduct financial statement analysis. I mean, that helps, but you can also learn it on your own. So I don't see why, if you're a lawyer but are interested in finance, you'd even waste the extra year. Maybe if you're completely inept at anything finance. But that's a chicken/egg argument anyway because those people with no finance skills are usually completely scared of anything finance in the first place.

Actually, I pretty much feel this way about any field that relies on intellect and not physical ability. People place so much emphasis on degrees these days. You could learn half this shite I'm studying for for the Bar if you just picked up these books and read and memorized them enough. It's not like you'd need some prof. to spoon feed you bite by bite. That helps, but it's not the only way to acquire the info.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 7/28/11 at 6:05 pm to
Intellectually, I don't disagree with you, but from a practical standpoint, I don't think that's true. I mean if you want to do corporate law you pretty much have to kill it in law school. The only corp lawyer I know is a cpa, the rest are there because of their last names, and they probably suck at their jobs, to be honest.

I also think Finance definitely has a gatekeeper mentality in terms of educational requirements; I think you're a huge exception to that (and props for it, obviously). You either went to some ridic school for undergrad, majored in finance, or worked in the field you're supposed to be covering first, and 9/10 they expect you to go get an MBA afterwards. I mean even at this place, which is only 60 people, they pretty much mandate an MBA for you to get to Associate. They'll chip in a lot to get you there, but if you want to advance here, regardless of other degrees, you need an MBA. That's just how they roll around here.
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