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Wall%20Street%20Forum%20Prep

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Strong showing at WSF and to make sure everyone makes the most of our time in New York ... NYC subway map, street map. Cash on hand, metro card ... – PowerPoint PPT presentation

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Title: Wall%20Street%20Forum%20Prep


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 ST schedule
  • 2. WSF dos and donts
  • 3. Markets Discussion
  • 4. Equities Derivatives (Larry/Shin)

4
1. WSF ST
  • 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 ST Schedule (contd.)
  • Monday, Oct.24
  • 0900 - 1100a.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
  • 130PM 330PM Deutsche Bank (60 Wall St)
  • Chartered Bus
  • 430PM 630PM JP Morgan (277 Park Ave)
  • Chartered Bus

6
1. WSF ST Schedule (contd.)
  • Tuesday, Oct.25
  • 745AM Bus leaves Park Central Hotel (7th
    Ave/56th St)
  • 830AM 1000AM Goldman Sachs (180 Maiden Lane)
  • Chartered Bus
  • 1100AM 1PM Lehman Brothers (745 7th Ave)
  • Chartered Bus
  • 2PM 4PM Citigroup (388 Greenwich St)
  • Chartered Bus
  • 445 615 Either BOA or Bear Stearns
  • Chartered Bus for Bear Stearns

7
1. WSF ST Schedule (contd.)
  • Wednesday, Oct.26
  • 7AM Meet at Grand Central Station (Main
    Concourse, by the information booth), tickets
    covered by club
  • 729AM Catch the Metro North train to Stamford,
    arrives 818AM
  • 830AM 1015 AM UBS Stamford, CT
  • 1030AM Catch the Metro North Grand Central
    Station, arrives 1136AM at Grand Central
  • Walk to Lehman (1.2 miles)
  • 12noon 4PM Lehman Trading Simulation (745 7th
    Ave)

8
2. WSF dos and donts
  • 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 23)

9
2. WSF dos and donts (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 ST 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 dos and donts (contd.)
  • Dont
  • 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
  • Whats 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.)
  • Whats 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
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