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Having a CMT I will admit to being biased however, while the
loss of the Yamada group is making headlines people are
missing the other side which was that 13 fundamental
analysts were cut before this announcement and 6 fundamental
analysts were announced as well. It's not about technical or
fundamental or CMT vs. CFA it's about revenues and they are
off big with SSB failing to get more of the share of the M&A
business.
Grubman didn't ruin the CFA and the loss of Yamada doesn't
spell the demise of the CMT.
Duke Jones, CMT
www.dukejones.com
> -----Original Message-----
> From: Mark Simms [mailto:mar.ko@xxxxxxxxxxx]
> Sent: Friday, February 18, 2005 7:37 PM
> To: Omega-List
> Subject: RE: Salomon Smith Barney Technical Analysis is
> gone
>
> Search www.streetjobs.com for CMT.....result ? NO HITS
> Search www.monster.com for "market technician"....result ?
> One Hit, $35k
> salary per year plus bonus, forex
> Search www.monster.com for "CMT" using "Finance/Economics"
> "Financial
> Services" categories...result ? Two hits
>
> I rest my case.
>
>
> > -----Original Message-----
> > From: Riccardo [mailto:riccardo@xxxxxxxxxxxxxxxxxxxxxx]
> > Sent: Friday, February 18, 2005 2:56 PM
> > To: 'Omega-List'
> > Subject: FW: Salomon Smith Barney Technical Analysis is
> gone
> >
> >
> >
> > Saying CMT is worthless is wrong. There are many people
> out there (not
> > me) with a CMT that are excellent traders and analysts.
> >
> > You can have a bad technician with CMT... So what?
> >
> > You get each day CTAs CFAs that are utter crap and the
> certification is
> > still highly regarded nevertheless. I personally know
> many PMs with
> > plenty of certifications but I would not trust them with
> £10! Each time
> > a CEO is fired for abuse, stealing money etc this does
> not mean that all
> > the certifications he got or worse the REGULATIONS are
> rubbish because
> > one is a criminal CEO.
> >
> > So Series 86 17 etc are crap when you have some one
> losing money or
> > laundering money etc
> >
> > Mark really you are quite wrong.
> >
> > Do not confuse a certificate with the
> ability/professionality of a
> > person.
> >
> > What about the CFA after Grubman and Blodgett and Abby
> Cohen....
> >
> > I do agree that maybe the OLD type of technical analyst
> is DEAD in these
> > big companies (Citi, HSBC here in London to give you
> another example -
> > and n HSBC there was NO CMT). But maybe not entirely for
> TA faults...
> > Maybe it is the thick mentality of these managers
> >
> > Technical Analysts will move in different companies,
> smaller ones. They
> > will re-invent themselves.
> >
> > Maybe it will be the end of the rubbish that it is Gann
> and Elliott
> > waves finally - and T.A.s should become semi-Quants and
> offer somewhat
> > proof that their analysis can offer a positive
> expectancy in trading.
> > Who knows?
> >
> > IF one follows your line of thinking Mark, one should
> say also that Phd
> > are shit only because of what happened in LTCM. There
> were only PhDs
> > there if I recall correcly and look what happened. So a
> PHD would not be
> > worth a penny to trade as well? Happy now?
> >
> > So those companies hiring PhDs are going to screw
> themselves sooner or
> > later according to your thought process
> >
> > What about that?
> >
> > Ciao
> >
> > Riccardo
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