Leaked Email from Wall Street Trader

#1
rjd970

rjd970

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#1
This has been around the web for awhile now. Not sure if it is true, don't really care. I thought it would be interesting to see what other's reactions are around here to its substance. I have my own opinion, but I want to hear what others have to say first.

We are Wall Street. It's our job to make money. Whether it's a commodity, stock, bond, or some hypothetical piece of fake paper, it doesn't matter. We would trade baseball cards if it were profitable. I didn't hear America complaining when the market was roaring to 14,000 and everyone's 401k doubled every 3 years. Just like gambling, its not a problem until you lose. I've never heard of anyone going to Gamblers Anonymous because they won too much in Vegas.

Well now the market crapped out, & even though it has come back somewhat, the government and the average Joes are still looking for a scapegoat. God knows there has to be one for everything. Well, here we are.

Go ahead and continue to take us down, but you're only going to hurt yourselves. What's going to happen when we can't find jobs on the Street anymore? Guess what: We're going to take yours. We get up at 5am & work till 10pm or later. We're used to not getting up to pee when we have a position. We don't take an hour or more for a lunch break. We don't demand a union. We don't retire at 50 with a pension. We eat what we kill, and when the only thing left to eat is on your dinner plates, we'll eat that.

For years teachers and other unionized labor have had us fooled. We were too busy working to notice. Do you really think that we are incapable of teaching 3rd graders and doing landscaping? We're going to take your cushy jobs with tenure and 4 months off a year and whine just like you that we are so-o-o-o underpaid for building the youth of America. Say goodbye to your overtime and double time and a half. I'll be hitting grounders to the high school baseball team for $5k extra a summer, thank you very much.

So now that we're going to be making $85k a year without upside, Joe Mainstreet is going to have his revenge, right? Wrong! Guess what: we're going to stop buying the new 80k car, we aren't going to leave the 35 percent tip at our business dinners anymore. No more free rides on our backs. We're going to landscape our own back yards, wash our cars with a garden hose in our driveways. Our money was your money. You spent it. When our money dries up, so does yours.

The difference is, you lived off of it, we rejoiced in it. The Obama administration and the Democratic National Committee might get their way and knock us off the top of the pyramid, but it's really going to hurt like hell for them when our fat a**es land directly on the middle class of America and knock them to the bottom.

We aren't dinosaurs. We are smarter and more vicious than that, and we are going to survive. The question is, now that Obama & his administration are making Joe Mainstreet our food supply…will he? and will they?
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#2
#2
ooooooooohhh, lol. Ya, the traders are so special and tough.


I have a couple of friends that worked in the Wall Street world until recently. They are great people shmoozers, and fairly bright, but hardly supermen.
 
#3
#3
Traders always drive a nice car....Cause if they have to sell the house, they can always live in the car..
 
#5
#5
What an arogant bastard. I don't bus his tables or mow his lawn. If he disappears off the face of the earth, i would never notice.
 
#8
#8
I know this is a fake, but the idea that if you take money from the wealthy, the service industry feels it, is true.
 
#9
#9
Gives off a d-bag vibe but some underlying truths in there - there is no free-lunch. Being angry at WS for making big $ is a d-baggy as some of the arrogance in the letter. Ask NYC what is happening to their revenues as jobs are slashed and salaries compressed.
 
#10
#10
volinbham said:
Gives off a d-bag vibe but some underlying truths in there - there is no free-lunch. Being angry at WS for making big $ is a d-baggy as some of the arrogance in the letter. Ask NYC what is happening to their revenues as jobs are slashed and salaries compressed.
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This was my thought. Hidden away are some good points.

That being said, the tone reaks of reverse class warfare. Whether this is fake or not, somebody somewhere took the time to write this.

The arrogance is laughable to me. I suspect if you were to drop some of these wall street types in the middle of a third world country their skills wouldn't be near as valuable as that of an engineer, doctor, farmer, mechanic, etc. What I mean is, they need us lazy, stupid middle class people just as much as we need them.
 
#11
#11
there is no question that taxes paid on wall street salaries have paid for a lot of public employees salaries over the years.
 
#12
#12
droski said:
there is no question that taxes paid on wall street salaries have paid for a lot of public employees salaries over the years.
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I know, but the notion that we have gotten a free ride from the back wall street salaries is just as silly as the notion wall street salaries have gotten larger on the backs of the poor. It's symbiotic, nobody is more important than the other. The top of the food chain wall street types need the average Joe's. The implication that they don't in this article is garbage.
 
#14
#14
The stock market is like any other commodity market. Long term investors who do their homework and are interested in building wealth over decades buy and sell to own and profit thereby. And the bulk of traders are there to assist in making that hapen and earn their own living in the prcoess.

But, a certain percentage of get rich quick investors want to dive in and out of the market in seconds, or millisceonds, and look for aberrations to make a quick score. There's always going to be someone willing to take their money and gamble it for them.
 
#16
#16
droski said:
relavance?
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That there is some validity for an email in which someone who might represent most traders expresses resentment at being scapegoated for the actions both of the hasty investors and the very small number of traders who were willing to enable them.
 
#17
#17
It's the same reason I get pissed at all the schmaltzy lawyers ads that basically say, "Hire me, I'll get you some dough. Facts? Eh, who needs 'em."
 
#20
#20
lawgator1 said:
The stock market is like any other commodity market. Long term investors who do their homework and are interested in building wealth over decades buy and sell to own and profit thereby. And the bulk of traders are there to assist in making that hapen and earn their own living in the prcoess.

But, a certain percentage of get rich quick investors want to dive in and out of the market in seconds, or millisceonds, and look for aberrations to make a quick score. There's always going to be someone willing to take their money and gamble it for them.
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There are hordes of very talented people on Wall St who have nothing at all to do with traders or brokers. I can assure you that it isn't like any commodity market.
Posted via VolNation Mobile
 
#21
#21
BigPapaVol said:
There are hordes of very talented people on Wall St who have nothing at all to do with traders or brokers. I can assure you that it isn't like any commodity market.
Posted via VolNation Mobile
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shhhhhhh. don't confuse him
 
#22
#22
That's laughable. Career desk jockeys going all Rambo on us. Lol, these guys would starve if they had to live off the land. I'd also like to see them try to take my lunch, what a joke.
 
#23
#23
Cartervol said:
That's laughable. Career desk jockeys going all Rambo on us. Lol, these guys would starve if they had to live off the land. I'd also like to see them try to take my lunch, what a joke.
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99.9% of the US population would starve if they had to "live off the land."
Posted via VolNation Mobile
 
#25
#25
Cartervol said:
That's laughable. Career desk jockeys going all Rambo on us. Lol, these guys would starve if they had to live off the land. I'd also like to see them try to take my lunch, what a joke.
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wow I probably fit your description of a "desk jockey" and I can assure you I would be just fine
 
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