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Tuesday, November 29, 2011

CFA: Classic Financial Absurdity

Wait CFA! The test is Saturday and I can't find my book on market micro-structure...how am I supposed to be a qualified financial engineer if I can't explain how the exchanges actually work?  Fuck!
NBBO? we're not using that.
Quote fluttering? 2 Legit 2 Quit
Efficient Market? Not with the Plunge Protection Team. (VIDEO, skip to 2:34)
Transparent ethical behavior? See Hank Paulson.
Honest book keeping? Jon Corzine is tutoring me @ MF Global's HQ.

But I get it, I'm not a CFA (yet) so what do I know?  I mean what could really happen inside of a second right?