tag:blogger.com,1999:blog-25361162340871638622011-12-05T18:05:59.754-08:00Khumar Jaynoreply@blogger.comBlogger511100tag:blogger.com,1999:blog-2536116234087163862.post-23211199046188246962011-11-28T06:07:00.000-08:002011-11-30T11:11:22.363-08:00

http://www.noozhawk.com/article/112711_craig_allen/

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-37717733915899154302011-11-22T14:25:00.000-08:002011-11-30T11:07:49.893-08:00

What are current sentiments, trends, and outlook, as MBA students prepare for a tough job market in 2012-13? What are the best tools, advice, and guidelines to get ready?The Consortium Finance Network hosted a webinar Nov. 22 for first-year Consortium MBAs in finance to discuss strategies for recruiting and securing internships for the summer, 2012.Panelists included Consortium graduates Eddie

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-80367274711134819822011-11-22T14:24:00.000-08:002011-11-30T11:07:49.951-08:00

If you were to peep inside the corridors of most venture capital firms, including those in pockets of Silicon Valley or those scattered about Manhattan or in the Boston suburbs, would you see encouraging signs of diversity? Would you see a diverse environment, an inclusive culture, or a setting where those from under-represented groups are deeply involved in investment discussions, analyses,

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-74546562579084669952011-11-22T05:50:00.000-08:002011-11-30T11:11:22.386-08:00

Despite today's revised GDP growth for the third quarter (revised down from 2.5% annualized growth to 2% annualized growth), the U.S. economy is beginning to show signs of improvement.  We have seen retail sales improving, corporate profits overall looking solid, and even some minor improvement in employment (from 9.2% to 9%).  In fact, initial jobless claims last week fell to 388,000, which was

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-17292509535003791502011-11-21T05:47:00.000-08:002011-11-30T11:11:22.409-08:00

http://www.noozhawk.com/article/112011_craig_allen/

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-89002678688712073742011-11-20T20:53:00.000-08:002011-11-30T11:11:22.427-08:00

It's official, the U.S. government is now the largest holder of our own national debt, surpassing China and now holding more than $1.6 trillion in U.S. treasuries.  How are they buying these bonds?  They are printing currency - U.S. dollars, devaluing our currency to push long-term interest rates down by 20 or 30 basis points. Why are they doing this?  Because they think (wrongly) that if rates

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-88121651386644142532011-11-20T20:50:00.000-08:002011-11-30T11:11:22.442-08:00

Jim Kramer of CNBC is a complete moron.  This guy tried to run money and completely failed.  To reward him, CNBC puts him on air, not only giving him his own show, but also puts him on in the morning after the death of Mark Haynes.  He takes credit for being right when he says to buy a stock the day before the company reports positive earnings, or sell a stock before negative earnings, when, in

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-83108530954922550752011-11-14T05:40:00.000-08:002011-11-30T11:11:22.460-08:00

http://www.noozhawk.com/article/111311_craig_allen/

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-50913882931223366802011-11-13T22:25:00.000-08:002011-11-30T11:11:22.477-08:00

Both Asian and European markets are looking higher after Berlusconi stepped down and the lower house in Italy passed austerity measures designed to bring their $2.6 trillion debt under control.  Mario Monti has been selected as the new Italian president, heading up a technocratic government tasked with attempting to turn around Italy's failing economy and out of control government spending.  The

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-31924353495085354842011-11-09T06:07:00.000-08:002011-11-30T11:11:22.495-08:00

The yield on the 10-year Italian bond has spiked well above 7%, which was seen as the tipping point for Greece and Portugal forcing the EU to bail them out.  The key difference is that Italy, Europe's third largest economy, is simply too large to bail-out.  The ECB (European Central Bank) has been furiously buying Italian bonds, but this has not stopped prices from plummeting. Financial markets

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-65609619640635490382011-11-08T20:51:00.000-08:002011-11-30T11:11:22.560-08:00

All three of the major indexes are showing strong technical improvement, with the Dow forming a nice "W" pattern with a break-out above the top of that "W."  The S&P 500 i forming a "W" pattern right now, and looks to possibly break-out shortly.  The chart below shows that "W" for the S&P 500 (far right side of the chart), with tops right around the 1,260 level.  The 200-day moving average is at

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-68025140232230403632011-11-08T17:42:00.000-08:002011-11-30T11:07:49.975-08:00

Not the same impact as LehmanLate last month the world of finance, brokerage and trading experienced a hiccup--beyond the daily eruptions from Europe.  It wasn't yet another day of market swoons or showdowns in Europe.  It wasn't yet another day of a nose-dive in the Dow or headline disagreements on how the economy should recover.MF Global, the futures brokerage firm, filed for bankruptcy.  It

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-23594599294424831042011-11-08T14:59:00.000-08:002011-11-30T11:07:50.002-08:00

Chris Williams of Williams Capital After financial turmoil in 2008-09, Black Enterprise magazine decided to wait a year or two before presenting its occasional list of the most powerful blacks on Wall Street. It figured it needed to watch the shake-out in the industry and observe the impact on African-Americans.In its latest issue (http://www.blackenterprise.com/), it decided now is a good time

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-63983644320998817882011-11-07T05:54:00.000-08:002011-11-30T11:11:22.624-08:00

http://www.noozhawk.com/article/110611_craig_allen/

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-77353473518991233402011-11-03T21:34:00.000-07:002011-11-30T11:11:22.689-08:00

If you believe that the slower traffic keep right laws should be enforced and expanded, please follow this link and sign the petition:http://wh.gov/bI6

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-18941497540296880772011-11-03T14:27:00.000-07:002011-11-30T11:07:50.026-08:00

Like it or not, the Volcker rules are coming. Ready or not, banks confront the new reality. Banks reported a gush of trading-related revenues in the 2000s. Going forward, they will not be permitted to engage in proprietary trading in the way they have done successfully the past decade.Banks, including old commercial banks and investment banks that turned into bank holding companies,  maintained

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-13196802309614525432011-10-31T07:06:00.000-07:002011-11-30T11:11:22.703-08:00

http://www.noozhawk.com/article/103011_craig_allen/

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-68887832557086335892011-10-26T20:12:00.000-07:002011-11-30T11:11:22.720-08:00

Leaders of the EU countries plan to leverage the region's 440 billion euro ($609 billion) bailout fund to 1 trillion euros. The fund is known as the European Financial Stability Facility, (EFSF) and currently has between 250 billion to 275 billion euros left-over after bailouts for Greece, Ireland and Portugal. The plan is to leverage the fund by around four times through a special investment

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-20964282435004613752011-10-24T05:40:00.000-07:002011-11-30T11:11:22.781-08:00

http://www.noozhawk.com/article/102311_craig_allen_apple_steve_jobs/

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-52718791492788163892011-10-21T14:09:00.000-07:002011-11-30T11:11:22.842-08:00

My latest posts to my Noozhawk article encapsulates the stupidity of the OWS movement participants:For those who believe the OWS protesters are well-informed, consider this:Wells Faro, the bank they were protesting in front of, chanting; “Banks got bailed out people got sold out,” was forced by Hank Paulson to take $25 billion in TARP money on October 28, 2008.  in December of 2009, they paid it

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-24380889626558238652011-10-20T14:48:00.000-07:002011-11-30T11:11:22.907-08:00

Wow, if you are interested in reading a lot of back and forth on the issue of the Occupy Wall Street protesters, revisit my article at: http://www.noozhawk.com/article/101611_craig_allen_occupy_wall_street/.  I have drawn a lot of hate on this one!  I am really pleased to see so many people so passionate about an issue come down firmly on both sides.  Unfortunately many don't seem to have a clue

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-78809356429273779872011-10-17T06:43:00.000-07:002011-11-30T11:11:22.968-08:00

http://www.noozhawk.com/article/101611_craig_allen_occupy_wall_street/

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-10331754081030935552011-10-16T13:43:00.000-07:002011-11-30T11:07:50.052-08:00

It's nothing new that top graduate business schools across the country stretch themselves to keep up with the times, remain relevant, and enhance the quality of a student's two-year stint in school. Over the past two decades, they have responded to financial crises, evolving corporate needs, questions of ethics, and a global economy. They've even responded to the cries of students who want lavish

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-36020970794079738402011-10-10T08:49:00.000-07:002011-11-30T11:11:23.030-08:00

Stocks hit a high of 1356 on the S&P 500 back on July 7th and then dropped precipitously over the following two months, to an intraday low of 1074 on October 4th (last Tuesday).  This decline represented a 21% fall from that July 7th high.  I was buying heavily on Monday and Tuesday of last week, and was able to put a lot of cash to work at that time.  Since last Tuesday, the S&P 500 has

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-91597611428519858942011-10-10T07:22:00.000-07:002011-11-30T11:11:23.093-08:00

http://www.noozhawk.com/article/craig_allen_with_stock_market_gasping_for_air_where_do_we_go_from_here/

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-46281590102729602402011-10-07T16:19:00.000-07:002011-11-30T11:07:50.077-08:00

UCLA's Anderson business school is exploring going it alone. No, it won't completely separate itself from the rest of the university. It wouldn't be an outright secession. It won't relinquish the UCLA name. It has decided there might be greater benefits in becoming a self-funding, stand-alone institution at UCLA. In the process, it is studying how it can rely less on the "parent" university or

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-85669996226496192482011-10-03T06:07:00.000-07:002011-11-30T11:11:23.157-08:00

http://www.noozhawk.com/article/100211_craig_allen/

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-37943640853100788742011-09-29T07:10:00.000-07:002011-11-30T11:11:23.222-08:00

We are up over 250 points right off the open this morning, after a very volatile week to-date, with stocks gaining about 420 points on the Dow Monday and Tuesday, and then giving back 180 yesterday.  What does this mean?  Well, if we look at the apparent progress of the EU with regard to increasing the scope and size of the European bailout, it would appear that we could be turning the corner

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-56364030574270251782011-09-28T19:27:00.000-07:002011-11-30T11:07:50.099-08:00

Remember days of yore--when an MBA in finance accepted an offer from an investment bank, commercial bank, brokerage house, trading firm or insurance company in the spring of second year and thereafter embarked on a long career with one firm, one employer?  Shortly after arriving at the firm, the MBA started a training program or entry position--with the expectations of earning promotions every

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-2481459027394037022011-09-26T05:06:00.000-07:002011-11-30T11:11:23.283-08:00

http://www.noozhawk.com/article/092511_craig_allen/

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-38586718602443950112011-09-22T10:30:00.000-07:002011-11-30T11:11:23.349-08:00

Everything is down hard today after Asia and Europe suffered heavy losses overnight.  The Dow is down 428, the S&P 500 40, and the NASDAQ 80 so far.  Gold is off $80 an ounce.  Copper, silver, oil and just about everything else is getting hit, except for treasuries.  The Fed announced yesterday that the U.S. economy and the global economy, face significant risks, and they announced that they will

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-3600675611300290952011-09-22T10:21:00.001-07:002011-09-22T10:21:11.745-07:00

a7la-kuwait

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-27460715135453590542011-09-19T08:19:00.000-07:002011-11-30T11:11:23.413-08:00

Obama's argument that the "wealthy" should pay "their fair share" is grossly flawed.  His focus is on the rate that the wealthy pay versus the middle class, while the reality is that the wealthy pay, in real dollar terms (which is what matters) far, far more than any other class of people in the U.S.  Here are the facts:The wealthiest 1 percent of the population earn 19 per­cent of the income but

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-88661671077381743372011-09-19T08:10:00.000-07:002011-11-30T11:11:23.479-08:00

Obama's latest plan is to cut $3 trillion out of our deficit with a combination of cuts in spending and tax increases.  He basically wants to raise taxes on "the wealthy" and "large corporations."  These are the people and businesses that he also expects to do the hiring, which is the only way unemployment will decline, and the only way the economy will ever recover.  Most importantly, the

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-34024528446972760712011-09-14T20:31:00.000-07:002011-11-30T11:07:50.123-08:00

Summer, 2011, has marked a rambunctious time of swirls and volatility in equity markets. It feels like 2008 all over again. Can you stomach it?No, you can't stand it. Nor can you explain it, follow it, track it, quantify it or tolerate it.  A day when equity markets slide 2, 3 or 4 percent is followed by days when they surge, soar or promise that a new bull market is around the corner. And then

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-53094750116079535862011-09-01T22:07:00.000-07:002011-11-30T11:07:50.147-08:00

Does investment banking still have the same attraction? Do MBA students still swarm toward investment-banking roles? Do many have dreams of joining a top firm, hitting the ground running doing deals and anticipating big year-end bonuses?After the industry turmoil and a series of setbacks and embarrassments, is investment banking still a hot area?There have been upheaval, backlash and calls for

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-17039386194774484732011-08-25T19:49:00.000-07:002011-11-30T11:07:50.173-08:00

NYU's Damodaran, tops on the listWhat makes an outstanding business-school professor? Ask a few MBA students, and you might get a dozen answers, a dozen criteria, and many examples.  Many will say the best professors are those who teach with passion, energy and excitement. The subject matter--whether it's first-year corporate finance or the mechanics of an intermediate-accounting course--comes

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-33342455851913852342011-08-17T19:59:00.000-07:002011-11-30T11:07:50.242-08:00

Uncertainty. It drives equity markets insane, causing them to swoop, surge, nose-dive and rumble upward, only to swoop and surge again. Investors can't figure out whether to ignore, reallocate, hold or sell. Speculators and high-frequency traders find ways to thrive, often spurring markets toward a  plunge and or meddling to make them bounce like ping-pong balls. Such is the way it has been in

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-36919785896083664332011-08-10T13:39:00.000-07:002011-11-30T11:07:50.311-08:00

Summer reading lists.  Everybody tends to have a list of books they want to read, they need to read, or they prefer to read, when the days and weeks before Labor Day mean half-hearted attempts to focus on work or dreamy moments of a planned vacation.In finance the past few years, there has been an explosion of published accounts of the financial crisis. Just when we think there is nothing else to

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-40010088405845504202011-08-02T14:10:00.000-07:002011-11-30T11:07:50.381-08:00

A Carnegie Mellon quintet of MBAs faced challenging competition from teams from USC and Michigan, but managed to emerge as the winner of the Executive Leadership Council's (ELC) annual business-case competition in Alexandria, Va. in May.  (See http://www.elcinfo.com/.) The USC and Michigan teams followed in second and third place, respectively.Exxon Mobil and ELC sponsored the annual competition.

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-27829470179087938462011-07-28T19:00:00.000-07:002011-11-30T11:07:50.482-08:00

Virginia-Darden Dean BrunerJust weeks ago, members of the MBA Class of 2011 dispersed all over the country--first to take well-deserved breaks and vacations, second to prepare to move to big cities or other outposts to start new positions. Business schools get a short respite, a chance to pause after a bustling school year. Afterward summer activity picks up again at most schools.  Many have

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-47747776695858465482011-07-21T14:50:00.000-07:002011-11-30T11:07:50.556-08:00

Dartmouth's Tuck leads top business schools in alumni-participation in donationsWho are the most satisfied alumni among top business schools?  "Satisfied," for these purposes, isn't defined by the alumni happiest in their careers, the most content in their outlook,  or the most optimistic about business opportunities. Satisfied," in this case, applies to alumni who are happiest about their

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-83677497260110469232011-07-07T20:49:00.000-07:002011-11-30T11:07:50.631-08:00

To join or not to join. To get involved or not.  The New York Times Sunday posed the query to Consortium CEO Peter Aranda in its July 3 edition:  Should members of under-represented groups join the "affinity groups" that exist in certain business settings?  They are special-purpose groups within a company that attract a membership of women, Hispanics, or Asian- or African-Americans. Or they may

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-29518080542619770792011-06-30T06:34:00.000-07:002011-11-30T11:07:50.702-08:00

Just when we thought all had turned around and we sensed the corner had been turned, we hear banter about financial institutions pondering lay-offs and staff reductions. Haven't we heard these rumblings before?As big banks and other financial institutions stumble toward the end of the second quarter, 2011, published reports say lay-offs are looming. Senior managers have begun to panic over

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-56340570066105157682011-06-13T18:06:00.000-07:002011-11-30T11:07:50.773-08:00

What are the top black-owned banks, brokers, and asset managers in the U.S.? Has there been progress in financial services for African-Americans who want to start, run, own and manage their own firms?  Is the outlook better today than it was in the 1980s--or even a few years ago?For the young black banker, broker, or trader, are there fair, reasonable opportunities to dream and aspire to starting

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-89706198312686602072011-06-05T14:41:00.000-07:002011-11-30T11:07:50.844-08:00

Still looking for a sustained uptown?We are all suffering fatigue waiting for a surging recovery in job markets and the general economy.  Every month or so, the news sours after a few months of hopeful, surging signs.That--in a nutshell--describes midyear 2011.  A series of upturns and optimism followed by the stench of a momentum-killing downturn.  MBAs in finance, especially those who embarked

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-47343667788065493382011-05-23T14:42:00.000-07:002011-11-30T11:07:50.916-08:00

Everybody needs a plan, so they say. Getting into a top business school (and earning membership into the Consortium) is an achievement. But it's a starting point for what's to come. Many Consortium students and other MBAs will acknowledge the starting point leads to an opening of flood gates.  Business school starts in early September, in most cases. Students are bombarded with tasks,

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-44831587743039834842011-05-06T15:33:00.000-07:002011-11-30T11:07:50.987-08:00

Finance types everywhere are familiar with Warren Buffet's annual sermon to shareholders in the form of a letter in the annual report. It's seldom, if ever, a bogged-down analysis of company ratios and trends. More a colloquial finance lecture. Everybody knows the Buffet letter, an honest pontification on business, the economy and the financial system. Derivatives are, he once notably said, "

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-63850919488149685022011-04-20T13:41:00.000-07:002011-11-30T11:07:51.063-08:00

Consortium alumni, you are invited, too.The Consortium's annual Orientation Program is not merely a five-day celebration of the Consortium's first-year MBA students. Alumni are welcome and can get involved in various ways. If they attend, they take advantage of the program's varied offerings--from career-strategy sessions to leadership and development seminars. And of course, the always-popular

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-21388912493308183572011-04-17T19:21:00.000-07:002011-11-30T11:07:51.133-08:00

 Dalio of Bridgewater Associates Bridgewater Associates is a successful, $90 billion hedge fund, located along the Connecticut corridor where other successful, gargantuan hedge funds have a home base. Ray Dalio, a Harvard Business School graduate, is its founder and leader. The fund's investors include pension funds and university endowments. Over 1,000 people are employed in a variety of

Khumar Jaynoreply@blogger.com0tag:blogger.com,1999:blog-2536116234087163862.post-30671121412712740842011-04-01T18:26:00.000-07:002011-11-30T11:07:51.202-08:00

On campus at Virginia's Darden School in CharlottesvilleAround the country, applicants to the Consortium are being notified of their admissions. The special ones selected to become Consortium members are planning their June trips to the Orientation Program in Minneapolis.  This, of course, includes dozens of admitted students who will indicate an interest in financial services. If this year is

Khumar Jaynoreply@blogger.com0