Sox And Stoxx
First of all, the good stuff. As has been the case with every postseason game this far played at US Cellular Field, I was in attendance last night for one of the most bizarre finishes to a baseball game I've ever seen. AJ Pierzynski made a great decision (and a decision that couldn't come back and haunt him like trying to stretch a triple into an unofficial inside-the-park-homer with no outs I hope you're reading this Aaron Rowand) and oh boy did it pay off.
The ballpark was electric last night, but it was the most draining game I've been to so far emotionally. I kept telling myself if we kept them off the board we'd find a way to pull it out--even if we did strand 7 men on base. Vlad Guerrero saw 6 pitches last night--the ultimate bad-ball hitter couldn't do shit against one of the best junk pitchers in the game. Once again, Juan Uribe comes through with awesome defense way in the hole at short. The high point of the game next to Crede's hit was watching Buehrle field Garrett Anderson's popup to end the 9th, calling off the entire infield and then practically skipping into the dugout.
Hugged a lot of strangers last night. Um, it felt kinda good.
Now for the bad stuff. The (now former) CEO of my employer got caught with his hand in the cookie jar. Well, it's more like he reached into someone else's cookie jar, took a bite out of one of the cookies and then gave the cookies to someone else hoping that sometime next week he'd get some more yummy cookies (maybe with macadamia nuts) in return.
My firm's always had a reputation of being the WalMart of the derivatives industry. Big, powerful and they get the job done by undercutting everyone else--but without much consideration for the rest of the world. Given my evil tire-burning seal-clubbing capitalist mentality, I generally don't have a problem with that. But it's different when it hits you in the wallet. The stock's now trading about 75% lower than it was at the close last Friday, and one of the major business units had to shut down completely. We're all over CNBC and Bloomberg. Clients are asking questions...and we as a whole aren't giving lots of answers.
TheStreet.com alluded to our "opaque language" in a few articles over the past couple of days. I can't understand where said opaque language is being said, because we have yet to make any noted public comment on the matter.
We're in the money business, for Christ's sake. When you're in the money business and people think you're hiding something, they're gonna yank their money away in a hurry unless you reassure them. So far, we have yet to do that--and given the vulturious (new word?) nature of the media today, they're just gonna harp on the bad bad bad.
Someone last night told me that we "pulled an Enron." We pretty much did, only in a post-Enron world it's even worse.
First of all, the good stuff. As has been the case with every postseason game this far played at US Cellular Field, I was in attendance last night for one of the most bizarre finishes to a baseball game I've ever seen. AJ Pierzynski made a great decision (and a decision that couldn't come back and haunt him like trying to stretch a triple into an unofficial inside-the-park-homer with no outs I hope you're reading this Aaron Rowand) and oh boy did it pay off.
The ballpark was electric last night, but it was the most draining game I've been to so far emotionally. I kept telling myself if we kept them off the board we'd find a way to pull it out--even if we did strand 7 men on base. Vlad Guerrero saw 6 pitches last night--the ultimate bad-ball hitter couldn't do shit against one of the best junk pitchers in the game. Once again, Juan Uribe comes through with awesome defense way in the hole at short. The high point of the game next to Crede's hit was watching Buehrle field Garrett Anderson's popup to end the 9th, calling off the entire infield and then practically skipping into the dugout.
Hugged a lot of strangers last night. Um, it felt kinda good.
Now for the bad stuff. The (now former) CEO of my employer got caught with his hand in the cookie jar. Well, it's more like he reached into someone else's cookie jar, took a bite out of one of the cookies and then gave the cookies to someone else hoping that sometime next week he'd get some more yummy cookies (maybe with macadamia nuts) in return.
My firm's always had a reputation of being the WalMart of the derivatives industry. Big, powerful and they get the job done by undercutting everyone else--but without much consideration for the rest of the world. Given my evil tire-burning seal-clubbing capitalist mentality, I generally don't have a problem with that. But it's different when it hits you in the wallet. The stock's now trading about 75% lower than it was at the close last Friday, and one of the major business units had to shut down completely. We're all over CNBC and Bloomberg. Clients are asking questions...and we as a whole aren't giving lots of answers.
TheStreet.com alluded to our "opaque language" in a few articles over the past couple of days. I can't understand where said opaque language is being said, because we have yet to make any noted public comment on the matter.
We're in the money business, for Christ's sake. When you're in the money business and people think you're hiding something, they're gonna yank their money away in a hurry unless you reassure them. So far, we have yet to do that--and given the vulturious (new word?) nature of the media today, they're just gonna harp on the bad bad bad.
Someone last night told me that we "pulled an Enron." We pretty much did, only in a post-Enron world it's even worse.
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