Citi is slashing it IB division. It’s only a matter of time that we see deal firms start falling by the wayside.
I know a lot of people at small-mid-sized boutique shops, who were making buckets of coin over the last 5 years. Now, they’re looking for work.
Consider the anatomy of recent deals: all foreign. Over the last two years, the IB’s were out of the cartons of retarded Asian companies, who don’t know how to properly deal with minor inconveniences, such as accounting standards, i.e. [[XFML]].
In my opinion, [[LAZ]], [[COWN]], [[TWPG]], [[JEF]], [[PJC]], [[OPY]], [[EVR]], [[GHL]] and [[PLCC]] are long term sells.
The bigger firms, like [[MS]], [[MER]] and [[JPM]] will be adversely affected too. But, the small fuckers can get annihilated.
What is Wall Street going to cook up in late 2008-early 2009? I’m sure every single Chinese company, that employs more than 5 people, has been milked by them, already. Maybe, they might exploit Brazil a little more or some ag related crap. But, as a whole, the ipo pipeline is as dry as a slug in a salt mine.
By the way, CNBC needs to cancel ‘Fast Money’ or just get a new cast of talking heads to espouse opinions. I miss that Strazini guy, and of course Eric ‘The Oil Barrel’ Bolling. I’m sure that fucker made like 10 trillion dollars, on his oil barrels, over the past year.
Seriously, except for an occasional Macke verbal gem, those fucktards are completely inept investors. About a month ago, Guy Adami was suggesting the banks would be ‘writing up’ their worthless assets and exclaimed: ‘Meredith Whitney might upgrade the banks,’ since the worst credit crisis known to mankind had ended and shit, in just under a quick 3 months.
Asshat.
Updated Asshat: Does anyone still take this guy serious?
[youtube:http://www.youtube.com/watch?v=_nkZ3eHeXlc 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter
Actually, the I-bankers are setting up Ag and Steel franchises. They will use the empty Blockbuster video and Circuit City stores, securitize it and sell it to money market funds as “Liquid”.
In the words of Cramer, “they have no idea, NOOO IDEA!”
Mr Fly,
I christen you a “Made Man” for killing these fucktards!
The Godfather
CNBC, Fast Money, and Mad Money all blow. I cant believe that there is nothing else on out there for the masses. I feel like killing myself when they all banter back and forth. Its so fucking painful to watch and listen to. Why do we accept this shit from them????????
Investing, the global economy, and the financial markets are the big leagues, there is no bigger game out there. Why do they treat the biggest sport in the world, if I may, like its wiffle ball? Every other sport out there has so many differernt shows, in depth coverage,rich content to choose from etc. Think about it.
I want to wake up everyday and feel like its the super bowl or the world series. Not some bullshit community college game thats on public access.
Fly, why dont you start your own channel. Yes, you have the blog too-but could you imagine putting a few shows together and having people on that really knew what the fuck they were talking about. We would be all over that shit. Fuck, do it over the internet. Do something, I hate the fact that I have to have CNBC on in the background every fucking day because charlie gassparino may pop up at any moment and submarine me with some bullshit rumor.
Save us FLY. Im begging you. Give us more content, give us shows. Ill pay for the shit, and so will many others. Think about it for a few days. Everyone has their own website or is promoting their own little thing. But no one has put a few live shows together and launched it for the masses. Thats the future Fly, make it happen….please
You think you bank coin now, pull this shit off and your talking P-Diddy money.
If you build it, they will come
Can I be host?
Maria baby, the Googleplex ain’t big enough to store a 30 second clip of your bloated ass.
1. ‘trade the market you have, not the one you want/buy the USO’
2. ‘on a valuation basis/buy microsoft/rails’
3. ‘i’m a value girl/goldman sachs’
4. ‘coal and solar – giddy up’
that’s the whole show.
although, i actually enjoy the CEOs that come on, along with the various guests, like carter, joe t, louise, the farmer, etc.
cramer is cramer. there are some hidden gems in there, if you know how to filter the noise.
Aris, that is the best summary — you have it condensed down to four sentences, and even included the value girl and Giddy-up. Too funny.
China hits another 52 wk low intraday
http://finance.yahoo.com/q/bc?s=000001.SS
lol @ Aris. Well done.
George Carlin died– that was one very funny guy who like Lenny Bruce paved the way for so many.
Fast Money/Mad Money is about entertainment and catching a vibe. In my opinion Dylan is the whole show he is far and away the best talent at the network. It’s hard for me to hate Guy Adami– on a valuation basis the guy is pretty funny “put a tight stop on and you can own it here”. Karen Finerman has gotten a lot better over the last two months.
http://www.bloomberg.com/apps/news?pid=20601085&sid=a1FXldluLD7Q&refer=europe
Little Fly upon the wall. Don’t you have no sense at all. Can’t you see my wall is plastered. Get of my wall you Fucktarted Bastard !!!!
negative MVIS news, albeit from a biased source:
http://seekingalpha.com/article/82223-microvision-s-no-show-hands-the-pico-projector-market-to-ti?source=etrade
Personally I like the Saturday morning fox shows. Tobin smith is a very smart person, I also like Jonathan hoenig. Fly do you short pot here with the deals taking place that could very well signal the top.
Hey FLY…..I’m curious about something. Roughly what % of all the folks you know who are or will likely be displaced when the pink slip parade hits……and assuming that these folks, like you, are very well heeled financially……what % are really “looking for jobs” as opposed to just “rightsizing” their lifestyles and retiring. Of the % who are retiring….what’s the average age?
CHEERS!
D
The only time Mr Bullish’s advice is worth anything is during uptrending markets. He knew enough to get out of his hedge fund when the dot com bubble burst cuz he knows from experience how badly he sucks during bear markets.
CNBC needs to make some major programming changes after 5PM.
Jonathan Hoenig is a smarmy, whining, spoiled brat weasely Little Piece of Shit.
And the little homo twerp is WRONG ON EVERYTHING.
If he represents Libertarianism, give me fuckin’ SOCIALISM every time.
I converted to Bloomberg a long time ago. Haven’t seen CNBC for months. BB aint perfect, but it is a lot less hype. One day, I’ll just turn off the noise. The charts are all we need.
FTK looks like it’s going back to the bottom of the channel on the daily. I may sell here and buy back there. However, on my sell order, FTK will rally 5 points, no doubt…
oops
X is chopping ballsacks. This is insanity.