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This Made My Day/Improved My Day Thread! - Printable Version

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Re: This Made My Day/Improved My Day Thread! - Tricks - 02-13-2010

(02-13-2010, 01:55 AM)Duck link Wrote: Cowboy [the dog] seemed mostly unamused by our most recent weather development

[Image: 100_0268.JPG]

more

Awh he looks pissed off ;(

Re: This Made My Day/Improved My Day Thread! - copulatingduck - 02-13-2010

(02-13-2010, 02:08 AM)TR1CK link Wrote: [quote author=Duck link=topic=3603.msg136666#msg136666 date=1266044112]
Cowboy [the dog] seemed mostly unamused by our most recent weather development

[Image: 100_0268.JPG]

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Awh he looks pissed off ;(
[/quote]

he actually likes it a LOT, he cannot stop playing in it. But this was the most interesting pic I had of him in the snow so that's the only one I posted

Re: This Made My Day/Improved My Day Thread! - CaffeinePowered - 02-13-2010

d'awww beagle

Re: This Made My Day/Improved My Day Thread! - Kirby - 02-13-2010

(02-13-2010, 02:07 AM)Benito link Wrote: [quote author=Duck link=topic=3603.msg136666#msg136666 date=1266044112]
Cowboy [the dog] seemed mostly unamused by our most recent weather development

[Image: 100_0268.JPG]

more

The U.S. is getting owned. I think Florida got more snow in December than us.

Washington is getting raped too, they should sell their snow to Vancouver.
[/quote]


Up here in Maine, our average temps when i'm going to work (6am) are normally -10 to 0 - This year it's been ~20



Normally by this time we have 3' to 4' of white on everything that isn't a road or somthing shoveled or plowed off. - I can count the leaves out on my yard, and there's more grass visible then snow.




=|



Re: This Made My Day/Improved My Day Thread! - Black Aspen - 02-13-2010

(02-13-2010, 11:37 AM)Kirby, the Axe Zealot link Wrote: Up here in Maine, our average temps when i'm going to work (6am) are normally -10 to 0 - This year it's been ~20



Normally by this time we have 3' to 4' of white on everything that isn't a road or somthing shoveled or plowed off. - I can count the leaves out on my yard, and there's more grass visible then snow.

You pretty much described exactly what it's like here in Hamilton, Ontario too.  It's almost Valentine's Day, and we haven't had to shovel yet...  I remember spending a recent V-day trudging through 3 feet of snow.  Big difference this year.

Re: This Made My Day/Improved My Day Thread! - copulatingduck - 02-13-2010

Californication

Re: This Made My Day/Improved My Day Thread! - Eschatos - 02-13-2010

I made National Merit Finalist.  Hopefully that means lots of scholarships coming my way.

Re: This Made My Day/Improved My Day Thread! - Turtle - 02-13-2010

It's funny how michigan is basically normal when it comes to weather.

Re: This Made My Day/Improved My Day Thread! - K2 - 02-13-2010

(02-13-2010, 04:07 PM)Eschatos link Wrote: I made National Merit Finalist.  Hopefully that means lots of scholarships coming my way.

Congrats. I got a full ride because of National Merit.

Re: This Made My Day/Improved My Day Thread! - Eschatos - 02-13-2010

Got accepted to UF also.  This is a pretty good weekend.

Re: This Made My Day/Improved My Day Thread! - Totla - 02-13-2010

(02-13-2010, 07:21 PM)Eschatos link Wrote: Got accepted to UF also.  This is a pretty good weekend.
Are you in high school?If so, which one? We both live in Longwood iirc.

Re: This Made My Day/Improved My Day Thread! - Surf314 - 02-14-2010

(02-13-2010, 07:21 PM)Eschatos link Wrote: Got accepted to UF also.  This is a pretty good weekend.

lol at the fact we are probably going to the same school.

Re: This Made My Day/Improved My Day Thread! - Didzo - 02-15-2010

Have you ever had someone say how they feel about something and then you realize that you feel the exact same way, down to the exact wording?

Freaked the shit outta me and gave me sweaty palms.

Re: This Made My Day/Improved My Day Thread! - Tricks - 02-15-2010

Markets are closed today, so I may be able to slip out early.

Re: This Made My Day/Improved My Day Thread! - CaffeinePowered - 02-15-2010

(02-15-2010, 09:23 AM)TR1CK link Wrote: Markets are closed today, so I may be able to slip out early.

Im surprised you had work at all, what would you do anyway without trading going on?

Re: This Made My Day/Improved My Day Thread! - Tricks - 02-15-2010

(02-15-2010, 09:29 AM)Caffeine link Wrote: [quote author=TR1CK link=topic=3603.msg137018#msg137018 date=1266243839]
Markets are closed today, so I may be able to slip out early.

Im surprised you had work at all, what would you do anyway without trading going on?
[/quote]

There is always plenty to do. I working with High Yield debt primarily, which means really messy payment schedules, bankruptcies, and restructuring. For example, this morning I am working on a particular Airline’s bond issuance from 2005. The company deferred interest in July 2005 and has yet to actually pay a coupon since then. We are trying to determine if the pricing for the security (what it trades at) is reflecting this pending accrual for the security or not. If the price is at a significant enough premium to par (what it was issued at) then that gives us a general idea that the market believes it will make the coupon payment in this upcoming July. Even though we have access to past quarters of company financials, we can only predict the cash flows to a certain extent to determine what could be paid.

I don’t actually trade securities (I don’t have my series 7) so the market being open only impacts the amount of data we need to process intra-day, as opposed to just catching up on general issues. I wouldn’t mind getting there someday, but it’s mostly an Ivy-League kid game, even at a smaller Midwest firm like I work for. Regardless of ability, it is a much better sell to a client for them to know that their lead investment team comes from our country’s best institutions.

I’m not complaining though. I am so thankful to have any job at all right now.


Re: This Made My Day/Improved My Day Thread! - CaffeinePowered - 02-15-2010

Wouldn't that be pretty easy to just run through some excel macros?


Market Price (>/=/<) PV (Face Value, Deferred Interest, Future Interest)

You just compare the par value to what its traded at, then look at Quarterly profit or loss to see if they have the ability to pay, as well as the debt's seniority. Run out the previous performance in a forecasting model and see what happens Smile

Personally I <3 Crystal Ball, why yes I'd like to plug in 10 variables with a standard distribution, please run 1,000,000 possible scenarios and tell me what the probability of them coughing up the dough is.

Re: This Made My Day/Improved My Day Thread! - A. Crow - 02-15-2010

I feel woefully under prepared to manage my money after completely WTFing over the above.

Re: This Made My Day/Improved My Day Thread! - Tricks - 02-15-2010

(02-15-2010, 11:30 AM)Caffeine link Wrote: Wouldn't that be pretty easy to just run through some excel macros?


Market Price (>/=/<) PV (Face Value, Deferred Interest, Future Interest)

You just compare the par value to what its traded at, then look at Quarterly profit or loss to see if they have the ability to pay, as well as the debt's seniority. Run out the previous performance in a forecasting model and see what happens Smile

Personally I <3 Crystal Ball, why yes I'd like to plug in 10 variables with a standard distribution, please run 1,000,000 possible scenarios and tell me what the probability of them coughing up the dough is.

That’s the general idea =D

I haven’t really used a program like Crystal Ball or Monte Carlo sims since college really. A lot of the work you do with textbooks has little to do with what we actually do.

We have an Investment Management system that once the asset type, class, and CUSIP is built into the system a lot of the pricing and accruals are automated. A lot of my job is ensuring that the security value, holdings levels, and accruals are consistent with a third-party vendor (in our case, Bloomberg).

We would only use a spreadsheet as a last resort; as using a Spreadsheet for backup when audited is an awful idea. I do work with excel, but not half as much as I do with specific investment platforms and applications.


Re: This Made My Day/Improved My Day Thread! - Surf314 - 02-15-2010

I'm so glad I'm changing over to law.