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During every bear market there are specialists on the NY floor that get
taken out. When I worked on the floor I was friends with one who lost every
thing in the '62 drop. At the time
he was a executing broker for a member firm.
Norman E.
SKane777@xxxxxxx wrote:
>
> I would say Warren Buffet and Julian Robertson (Tiger Management) are two of
> the most well connected individuals on Wall St. and certainly qualify as "Big
> Boys".
>
> Add LTCM to the list along with a host of others. Look at all the Wall St.
> firms firing their bond traders and market makers.
>
> Contrary to the popular belief about the mystic powers of "the boys", they
> get nailed in the markets for big bucks also.
>
> Steve
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