1 / 14

Wall Street Forum Prep

Wall Street Forum Prep. Ash Pabalkar Finance Club 9/16/05. Objective. Strong showing at WSF and to make sure everyone makes the most of our time in New York. Agenda. 1. WSF S&T schedule 2. WSF do’s and dont’s 3. Markets Discussion 4. Equities & Derivatives (Larry/Shin). 1. WSF S&T.

maryam-bean
Download Presentation

Wall Street Forum Prep

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Wall Street Forum Prep Ash Pabalkar Finance Club 9/16/05

  2. Objective Strong showing at WSF and to make sure everyone makes the most of our time in New York

  3. Agenda 1. WSF S&T schedule 2. WSF do’s and dont’s 3. Markets Discussion 4. Equities & Derivatives (Larry/Shin)

  4. 1. WSF S&T • How many of us are familiar with NY City? • No Michigan Time! 7AM means 7AM. • Directions, etc. will be posted on Finclub site soon • Dress is always formal

  5. 1. WSF S&T Schedule (contd.) Monday, Oct.24 • 09:00 - 11:00a.m.Morgan Stanley (1585 Broadway) Participants responsible for their own travel • 11AM - 12 noon: lunch break, proceed to meet bus outside UBS (299 Park Avenue) Participants responsible for their own travel • 1:30PM – 3:30PM: Deutsche Bank (60 Wall St) Chartered Bus • 4:30PM – 6:30PM: JP Morgan (277 Park Ave) Chartered Bus

  6. 1. WSF S&T Schedule (contd.) Tuesday, Oct.25 • 7:45AM: Bus leaves Park Central Hotel (7th Ave/56th St) • 8:30AM – 10:00AM: Goldman Sachs (180 Maiden Lane) Chartered Bus • 11:00AM – 1PM: Lehman Brothers (745 7th Ave) Chartered Bus • 2PM – 4PM: Citigroup (388 Greenwich St) Chartered Bus • 4:45 – 6:15: Either BOA or Bear Stearns Chartered Bus for Bear Stearns

  7. 1. WSF S&T Schedule (contd.) Wednesday, Oct.26 • 7AM: Meet at Grand Central Station (Main Concourse, by the information booth), tickets covered by club • 7:29AM: Catch the Metro North train to Stamford, arrives 8:18AM • 8:30AM – 10:15 AM: UBS Stamford, CT • 10:30AM: Catch the Metro North Grand Central Station, arrives 11:36AM at Grand Central • Walk to Lehman (~1.2 miles) • 12noon – 4PM: Lehman Trading Simulation (745 7th Ave)

  8. 2. WSF do’s and dont’s To do/carry list: • Book flight, hotel or friends • 3 sets of suits, shirts, shoes • Mint/breath freshener • Note Pad to take notes, Pen • Copies of resume on nice paper • Cheat sheet on each bank • Flash card containing 4 good, unique questions to ask each bank (Level 2&3)

  9. 2. WSF do’s and dont’s (contd.) To do/carry-list (contd.): • WSF schedule, directions sheet (website) • NYC subway map, street map • Cash on hand, metro card • Cellphone with 248-797-0807, other S&T people phone numbers stored in it (remember to switch off) • Warm overcoat over suit (London Fog, etc.) • Some energy bars, etc. you can put in your coat pocket. • Photo ID for security

  10. 2. WSF do’s and dont’s (contd.) Don’t: • Not be there at all • Be late (no MI time) • Stay late partying (except Wed night) • Show up under the influence of anything Do: Get a nice workout, you need the energy!

  11. 3. Markets this week • Refco Largest independet futures brokerage firm in US. $300M CEO scandal involving hidden debt resulted in 72% loss of stock value, junk status and arrested CEO • Could this lead to broader market problems? Financial derivatives markets, commodities felt pressure Goldman IPO, BOA, CSFB, DB lenders to Refco LTCM?

  12. 3. Markets this week (contd.) • CPI – Friday, Oct. 14 Sept CPI up 1.2%, fastest pace in 25 years due to surging energy prices and hurricane after effects Core CPI (ex-food and energy) up 0.1% for the fifth straight month • Is inflation a threat? Yes, this will likely reinforce expectations that the Fed will raise fed funds rate at its Nov.1 meeting • What’s going on in housing? Housing prices are 40% of the CPI, up 0.4% in Sept hotels and rent fell 0.1% and lodging fell 2.5% • Other sectors (auto, food, medical)? Auto Prices up 0.4%, Airline fares down 1.4%, Food up 0.3%, medical up 0.3%

  13. 3. Markets this week (contd.) • What’s going on with the Budget Deficit? In the fiscal year ended Sept.30, the government racked up a $318B deficit (forecast $341B), down 23% YOY, first annual decline since Bush took office in 2001 ($412 in fiscal ’04). 2.6% of GDP in ‘05 vs. 3.6% in ‘04 Hurricane recovery cost $4B, further red ink to follow • Trade Deficit?

  14. 4. Equities & Equity Derivatives Larry Thompson & Shintaro Kurita

More Related