Wow u see the news w/ the banks. We are getting smashed. Other than GS the allmighty and us, the other banks are downright getting destroyed. I am lucky I didn't join those other losers but the future is still questionable. Interestingly the MS and BSC chiefs did not take a bonus. That basically means all the staff people are also getting jacked on bonus. But its good to see they are setting the precedence at the top. At our company the CEO got a phat bonus and I think for the most part bonuses were flat.
Anyways.. so the RMBS market is collapsed. Its imploded. I work in this market... ugg... not good. I came to realize this today after talking to the hater next to me. He said its dead for 2 years and even though the J-RMBS market is not affected entirely its questionable whether, in this market crunch, the new business head is going to want to invest in this market and keep it going. You see, when I joined the RMBS market was roaring and Japan was a new frontier in RMBS. Now.. its questionable. It may be worth investing a small team now so that when the market returns we are ready to strike big.
Oh well if not I'll try to get into rates or another derivatives team. Lots of hiring.. but it'd be nice to stay in the Analytics (Research) P&L....
Man I have so many pics of me w/ random girls on facebook.. its a bit scary. So many single girls in this town. Its sickening.
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