Was watching Margin Call yesterday. Considering you were 'in the chair' that day, when it's Hitting the FAN, are those emergency meetings & chaotic trading scenarios realistic? I admit I love the Jermey Irons character-"This is IT!". Bone Chilling!
100% ... mkts start to move as those in the meeting have others who know where they are dunno what they were about but then ... get the sense stuff starts happening before disseminated and you could always tell then there were a couple sourced tape bombs and by then was too late to react ... i mean us bottom feeders tried to help those trying to catch a few tics here / there ... but never quick / enough and knowing of the full gravity and hard to time those 'end of the world' trades :)
'End of the World trades' LOL that must be something, imagine those days generate a LOT of new grey hair, insomnia, back pain, big bar tabs, and fresh Lines on my Face as Peter Frampton might say.
I had a feeling the meetings & the rest were totally legit. I can see by the time it gets down to the traders your fates are already about sealed. People trying to grab a few more nickels before the Steamroller flattens everyone. I try to imagine the chaos & emotion I'm sure you have to be there. I don't envy any of it! You all put your asses on the line every day tip of the Hat to you all!!! Thanks Steve :)
Was watching Margin Call yesterday. Considering you were 'in the chair' that day, when it's Hitting the FAN, are those emergency meetings & chaotic trading scenarios realistic? I admit I love the Jermey Irons character-"This is IT!". Bone Chilling!
100% ... mkts start to move as those in the meeting have others who know where they are dunno what they were about but then ... get the sense stuff starts happening before disseminated and you could always tell then there were a couple sourced tape bombs and by then was too late to react ... i mean us bottom feeders tried to help those trying to catch a few tics here / there ... but never quick / enough and knowing of the full gravity and hard to time those 'end of the world' trades :)
'End of the World trades' LOL that must be something, imagine those days generate a LOT of new grey hair, insomnia, back pain, big bar tabs, and fresh Lines on my Face as Peter Frampton might say.
I had a feeling the meetings & the rest were totally legit. I can see by the time it gets down to the traders your fates are already about sealed. People trying to grab a few more nickels before the Steamroller flattens everyone. I try to imagine the chaos & emotion I'm sure you have to be there. I don't envy any of it! You all put your asses on the line every day tip of the Hat to you all!!! Thanks Steve :)
Investing's even easier if you're a GSIB w/a Primary Dealer Drip Line :)