New York is Dead

Discussion in 'Wall St. News' started by sammybea, Nov 11, 2008.

  1. What prompted you to buy during an inflated, bubbly market?
     
    #201     Nov 17, 2008
  2. BadCo

    BadCo

    I heard Blackrock is gonna be laying off people, too. There's a lot of people going to work, scared, these days, and for good reason.
     
    #202     Nov 17, 2008
  3. Rumors coming in from my buddies on the street with the main topic bonuses.

    In light of GS honcho's declination of bonuses (you may guess on your own what their reasons were), there is great concern among the rank and file at other firms that bonuses will be non-existent, let alone cut.

    This is for political reasons only. Fear of recrimination/prosecution most likely. CEO's will vote to save their own skins, damn the rest of the peons, of course.

    All of a sudden that 200k base doesn't sound so hot when you're working 100 hour weeks and forced to pay high rent/high taxes, as the 3x-5x multiple goes bye bye.

    FWIW, good luck to those back there - its not fair what's happening, particularly to those at the lower end of the scale (sub 400K).
     
    #203     Nov 17, 2008
  4. Mecro

    Mecro

    Are you being sarcastic?
     
    #204     Nov 17, 2008
  5. EPrado

    EPrado


    Too funny..I dont live in the boonies amigo. She is cute though.....probably some chick at dinner who's boyfriend went up to go the bathroom and Surfer ran up and took a picture as she wasnt looking.

    I wouldnt be caught dead in Cipriani's. I passed by the place a few times when I used to live in NYC. Like you said..tourist trap.
     
    #205     Nov 17, 2008
  6. 377OHMS

    377OHMS

    That was my experience at a hedge fund. I made about 2x but they worked me about 3x. It didn't make sense after a few years. They also severely restricted my personal trading having to pick securities from their "approved list".
     
    #206     Nov 17, 2008
  7. most venues in the midtown, lower warf, etc are traps.

    You have to venture into Brooklyn, or even Queens to escape.

    Manhattan has and will all way's be a Trap, Bridge and tunnel crossers swarm in every weekend.
     
    #207     Nov 17, 2008
  8. Prior to 1991-92 recession things were different. Living in manhattan was possible, though not cheap (never was) for a bloke. The B&T crowd was much derided then as well as they would pay $20 (inflation adjusted $50) for a club admission and then sip their $7 drink all night. You had gone there comped on the guest list three months prior and drank $ 28 in liquor; now you wouldn't be caught dead there.

    Scary that you now have to go OUT of the city to be cool. I think the furthest I ever went was to brooklyn heights to go to a used stero reseller, or to sheepshead bay to do some fishing on the old dorothy B VII.
     
    #208     Nov 17, 2008
  9. Mecro

    Mecro

    Not really, many of them are established business lunch & dinner spots.
     
    #209     Nov 17, 2008
  10. About what? The good-looking woman at surf's table or his matador dinner jacket?
     
    #210     Nov 17, 2008