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Showing posts from June, 2013

Georgetown Becomes The Consortium's 18th

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Consortium Gets DC Footprint On deck is Georgetown's McDonough School of Business . This week The Consortium selected Georgetown's business school as the 18th Consortium school. Georgetown will join the other schools formally in July and start admitting Consortium students in the fall, 2014. Consortium Executive Director Peter Aranda made the announcement June 24, marking The Consortium's first new school in three years. Over the past five years, besides Georgetown, The Consortium has added Cornell, Yale , and UCLA and invited back UC-Berkeley after it departed in the early 2000s.  Georgetown follows the footsteps of other prominent business schools affiliated with The Consortium, including such schools as Emory, USC, Yale, Texas, Dartmouth, Wisconsin , and North Carolina.  What does Georgetown bring to The Consortium table? It gives the organization an immediate footprint in the Washington, DC, area.  Consortium business schools, often known nationally as top schools by j

Correction Phase Continues

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The US DJIA and S&P 500 had a critical move last night that finished both below their trendlines. This will be the first major correction since last year November if the DJIA and S&P 500 couldn't go back to their support within 3 days starting today. Below are the charts for the possible downside targets for the US markets: Historical speaking, these kinds of major corrections happen once or twice a year in the US markets for the past 3 years. In 2011 had a 18-20% correction from top as the correction was overdued. The DJIA broke the 1 yr trendline in August due to debt ceiling crisis in the US, and it lasted for about 8 wks. In 2012, there were twice, once in the mid-year May, the other end of the year November. Each correction is 9% from top and the duration was shorter than 2011. Hence if 2013 experience like what 2012 did, most likely we shall see 2 corrections for the year with one in June, the next in November as well. The downside target for DJIA is 14,100 which is c

How Will Steven Cohen's Saga End?

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Should investors take the money and run? If you were fortunate to invest in Steven Cohen's hedge fund, what would you do? Keep the faith, and keep your funds in SAC Capital Advisors?  Or take the money and run, while government investigators pore through trading records for evidence of insider-trading? How will the SAC Saga end? Tucked away along I-95 on the winding hedge-fund corridor in Connecticut is the home of the closely cloaked $14 billion hedge fund run by Cohen.  In the world of quantitative trading and hedge-fund investing, Cohen's SAC Capital is well known, envied by many, desperately copied by others, and revered by most in the investment community. These days, the fund is known outside the hedge-fund world because of  the investigative cloud that lingers above it. Since its 1992 founding, an obsessed Cohen permitted few to learn about his fund's operations, performance, and trading strategy.  For most of the fund's existence, Cohen avoided public appearance

KLCI Correction Phase

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Here are some charts looking at how KLCI perform during the correction phase. Usually I consider a valid correction phase as price violates both trendline and the 20 day MA. Hence from the chart below we see once these 2 lines are violated, the correction phase will last  9 - 47 trading days or 2 - 9 wks depending on how bearish it was. From the findings: 2009 - no major correction as just emerged from major bear trend in 2008 2010 - 2 times 2011 - 2 times 2012 - 3 times 2013 - so far 1 time

Who's Headed into Finance in 2013?

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Cornell attracts its share of Consortium finance MBAs On your mark. Get set. This week, over 300 new Consortium students will launch their campaigns to earn an MBA by heading to New Orleans for the Consortium 's 47th Orientation Program.  As in previous years, they will be engulfed by activity, events, recruiters, school staff, seminars, sponsors and celebratory gestures. For most of them, OP is a festive, uplifting time. They pause and take a week-long breath before embarking upon the frenetic pace of graduate business school.  Among the new MBAs, who's headed into financial services in 2013? How many among the 300-plus have expressed an interest in concentrating in finance at school or a career in financial services? As they take new twists and turns over the next two years, what do they aspire to do when graduation comes in 2015? Let's consider the current environment.  The awful, dreadful financial crisis is receding into memory, although there is a haunting, lingering