this week
oooh, also, this week has been a very interesting one with companies reporting their third quarter earnings on both sides of the atlantic. i arrived at work on wednesday to get a blackberry e-mail from my director telling me to summarize our company's third quarter earnings results and a short write up about refco, the collapsed futures and commodities broker. i listened in (or as they like to say here, jumped in) on a conference call regarding earnings and couldn't make head or tail about yield curves and mortgage backed securities but i think i got the gist of it.
i witnessed our companies' stock go see sawing up and down during the day because no one could evaluate it: a drop in dividends and earnings per share but still healthy revenues and a fundamentally sound structure with long term earnings guaranteed once interest rates stabilize. i read nearly every single message on the yahoo finance message board some of which were quite funny.
then i read other companies' earnings reports ... it's quite thrilling really, to be in the midst of a seminal event, where within the span of 2-3 days, the markets were down both in the ftse and dow because of lower profits but then yesterday, the dow bounced back up with higher than expected growth rate even though the university of michigan consumer confidence index, which was also released yesterday, reflected a drop.
oh, and i don't say the company's name anymore because it could land me in hot soup.
i need this job badly.


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