Citibank / citi personal wealth mgmt advisors

I cannot imagine citi having the gall to tell clients how to handle money when citi cannot handle there own.

no kidding...I totally agree...

Your question: who in the world would listen to them?

It is a good thing broker/dealers going out of business don’t have liquidation sales. If that were the case we would all be in trouble as all of the Citi owned companies would be selling their Legg Mason Funds at half price.

I would like an update on the former Smith Barney bank-based advisors, now Citi Personal Wealth Management.  Isn't true wealth management personal by nature?!?! way to go Citi!  To my knowledge, they retain the SB technology and product suite until told otherwise.  Will the comp structure change to be more in line with a bank program or will the bank brokers remain on the current SB comp plan with penalty boxes for those with los 5-9 years doing less than $300K?

Citi management is getting rid of everything and has outright lied to their advisors about their intentions for the past 6 months. Citi will have an extremely limited offering relative to the robust offering it currently has with the platform gained from its time with  Smith Barney.

It;s been all lies.  First " We are not Selling Smith Barney" “We are keeping Smith Barney technology and platform for at least 3 years.”  "Not much will change for our clients"

Now firm has announced in the press that we are going to move to fee only platform in 2010 and will phase out comp on any transactional business.  The firm is also strong arming advisors to form RIA like teams in order to comptete for refferals with independent RIA’s. 

All this was anounced more than a week ago and Citi advisors are learning more about the plan by reading the paper than from any communication within the firm. 

The deceitfulness and lack of professional courtesy has everyone extremely upset.  I beleive Citi will loose first quartile advisors which were very impressed with the way Smith Barney did things and think that bank management is a joke.

EASY E - my thoughts exactly.  how ironic is it that they told advisors that the “SB platform would remain in the bank channel and nothing would change for 3 years” … while simultaneously hiring and integrating Deborah McWhinney in April…who spearheaded Schwab’s RIA unit…seriously, are they that lame?!

Yet you are still there?

If they were smart, they would hire an attorney and cpa into the new teams, and market themselves as a turn key “Family Office” to high net worth.  They could carve out a unique niche compared to the other wires and probably do well.

Does anyone know if it’s legal? Can they force people to comingle accounts… Seems like it dilutes the reps and certainly removes any equity that has been built into everyones practice… Of course if you want to leave, they will say goodbye, how are supposed to take clients from teams of 10 people… So they use you for a year or two, use you for introducing your clients to the “team” , then you basiclly give away your book for the " powerful" citi machine… Seems very cold war Russia esque… Are any advisors discussing legalities of this???

100 percent true… They’ve lied all the way through… Now they want the reps to give away they’re clients…where doyou think 1st quintile reps will go???

I have thought of incorporating an  attorney or accountant in order to increase the value proposition If I were to stay.  It could be interesting as long as the firm would allow these new partners to have an outside business interest.  Most accountants or attorneys that I know run their own businesses. 

I do not understand this whining!

Moving a bank book is hard enough, moving months from now once assets are flowing into the new RIA business will become impossible. Anyone not making it out asap is going to quickly find themselves about as marketable as the guys on the other end of a TD Ameritrade 800 line. 

Does anyone know if it’s legal? Can they force people to comingle accounts… Seems like it dilutes the reps and certainly removes any equity that has been built into everyones practice… Of course if you want to leave, they will say goodbye, how are supposed to take clients from teams of 10 people… So they use you for a year or two, use you for introducing your clients to the “team” , then you basiclly give away your book for the " powerful" citi machine… Seems very cold war Russia esque… Are any advisors discussing legalities of this???

[quote=Greenbacks]I do not understand this whining!

EasyE - do you know any local MSSB managers?  If you’re at or around $500k, you might have a shot at moving there.  Just because Citi’s bank channel advisors weren’t invited to take part in the joint venture doesn’t mean they can’t move in arrears…

Greenbacks what do you mean you say dont understand the whining?  You’re right, you don’t understand.   It is not unreasonable to expect your employer to at least ad hear to basic decency, respect and honesty to it’s employees.  Do you disagree?  If you commit yourself to firm it’s a big deal.  Much thought is put into that decision and you have to base it on what you are told you can expect.  When you are then treated like trash and lied to and had your pay cut every year, who would not be upset and surprised?  I know I was and that is why I left that God forsaken company.  My book followed me.  Citi is a horrible company in my opinion.  I work for myself now and thank my lucky stars I left when I did.  

Greenbacks what do you mean you say dont understand the whining? You’re right, you don’t understand. It is not unreasonable to expect your employer to at least ad hear to basic decency, respect and honesty to it’s employees. Do you disagree? If you commit yourself to firm it’s a big deal. Much thought is put into that decision and you have to base it on what you are told you can expect. When you are then treated like trash and lied to and had your pay cut every year, who would not be upset and surprised? I know I was and that is why I left that God forsaken company. My book followed me. Citi is a horrible company in my opinion. I work for myself now and thank my lucky stars I left when I did.

Yes.  I also manage a hedged investment account for clients. 

can you have a midlife crisis for the heroin of spec trading?



i miss it

TODAY we’ll see if there’s any real momentum out the door amongst the Citi crew. My hunch is maybe 10-20 leave today, that number doubles next Friday and then a slow drip through Thanksgiving. 

I hope all the fa’s take the clients too…

Really??? I heard we weren’t able to join the joint venture, some sort of block they put on the reps? Could it be if we contact the mssb managers ourselves, could they hire advisors like that instead? Just curious because they didn’t give us the option at first…

Ar

[quote=meletio] Are you joking. your entire industry lost money and can’t manage their own money. face it…you are a loser who works for other losers trying to skim a tiny bit of each clients moneyand turn it into your own. The days of a broker thinking he is hot sh*t because he works for a Wall Street firm are over. You are nothing but a commodity selling a commoditized product that any client can buy thru fidelity or Schwab for 1/3 of the fees.

[/quote]



fees hit yesterday.    



$247,897.      



God bless america

I heard that a 2 million dollar producer from NY left Monday to Morgan Stanley Smith Barney. I am curious if anyone can confirm.  I thought MSSB would not be an option.

Yes a group on the north shore left for MSSB.  Heard they got a nice package.

I heard that they were calling his clients, and that when Lee went to the branch to drop off his keys on Saturday that there were three guys there calling his clients plus callers from the national call center.

I do not think it will make any difference.  Most clients that hung around with Citi after all of the crap that has gone down, only stayed around because of their advisors.  I suspect most clients are glad to move out out that sh*thole.

The only thing that would have been easier would have been to block tranfer all of his accounts.  In any case I heard he already had 180 out of 220 million in AUMs commited to moving.

Are you sayig that a 2MM team from Citi got recruited by MSSB?

Yes it happened

Look up their names and pull them up in FINRA.org… broker check man… its’ easy to see that their registration MOVED to MSSB 3 days ago!   MSSB has ZERO interest in guys < $500k. If you’re over $500k AND you can show a solid upward trajectory in asset growth AND you’re doing a significant amount of fee based business etc… they’ll be all over you.   MSSB is not alone. I know for a FACT some guys are close to getting decent offers from ML as well. Again let me be clear, the wires are not chasing the $250k producing annuity hound. They’re being selective, paying attention to frequent movers, U4s, etc. 

[quote=Sportsfreakbob]Are you sayig that a 2MM team from Citi got recruited by MSSB?

I find it extremely hard to believe that Vikram Pandit actually concerns himself with other businesses aside from the institutional client group, i-banking or prop trading.  Hence one of the reasons ‘Dear Sally’ left for Mother Merrill…

Believe it, this was a ceo to ceo exception.  I know a few people close to the deal…

Even if it’s a so-called “one- off” attorneys will have a field day , it’s total bs if they block other reps for doing the same. You can’t just say well ok you guys are ok, but the rest of you no… If they don’t want reps yo leave, they should have included us in jv, very simple… Then again, it’s citi…

[quote=shantom1]Believe it, this was a ceo to ceo exception.  I know a few people close to the deal…[/quote]
Did you overhear the conversation while you were bringing Vikrim his coffee?

Funny.  I don’t really care what you think.  I know the same person who put together the deal has received literally dozens of calls from citi reps and has had to respectfully decline them.  What makes this so hard to believe?  

Did said MSSB manager decline the Citi reps’ calls because of a conflict of interest or production level?  I still can’t imagine that Vikram would involve himself with a $2mm bank channel team after a year of firms like UBS absolutely raiding his high-end SB producers with 250%+ deals.  From what I recall and under Vikram’s watch, $40 billion in assets flew out the door due to Smith Barney and Citi Private Bank attrition.  Better hurry or that big Citibank team might leave!  I hope a good number of Citi reps find a home at MSSB…it’s adequate reparation for all of Citi’s b.s. and lies…

If Vikram cared so much, why didn’t he offer retention to Citi’s top bank channel advisors?  enough said.

Vikram helms the most toxic big bank brand on the planet right now, why would anyone expect anything that makes sense to come out of his office? 

Wow, you guys really think he is that untouchable? 

Shantom, get a clue… Who’s refused to talk with citi reps? Mssb or your recruiter “buddies” in the westcoast? You have no clue bc I know for a fact, mssb managers at talking to citi reps. You can keep your recruiters .

The market will have a major crash on Monday November 2nd 2009

[quote=meletio] The market will have a major crash on Monday November 2nd 2009

[/quote]



Define “crash”, gayboy.

c

[quote=meletio] crash is when I bend your mom over the table

[/quote]



My mom’s female, sorry you didn’t know. Besides, I always thought you were a taker unless your boyfriend was playing submissive.



By the way, that was the worst response. “Crash is when I bend your mom over the table”. But as usual, you don’t make any sense.



Probably because I don’t speak queer. Odd that you “only” speak queer. Evidence for genetic homosexuality.

Th

[quote=meletio] Think what you want , but she really enjoyed herself. If you need me I’ll be at your home taking care of your wife

[/quote]



Unlikely meleti-ho, since you’ll be needed to rub your boyfriend’s a$$. I can, however take care of YOUR nasty wife - she knows it’s a sham marriage anyway. She thinks it’s her fault, not realizing the few times you tried to have sex with her that you WERE trying. I explained it to her while she was choking on my c**k that was why you are the receiver - you don’t have enough meat to give your boyfriend a good time either.

hey meletio - do you post while taking it in the a$$? the bold, large letters were a pretty clear indication.



Also, do you find that your queerness helps or hurts when working with straight people? Legitimate question. Some people are put off by homosexuality. Or do you exclusively work with your boyfriends’ friends and family?

Hey meletio - your wife is freaked out! She thinks you might have given her HIV. Don’t worry, I told her that it requires penetration, and since you’ve never been able to, that she doesn’t need to worry.



On the other hand, how’s your T-cell count doing? I know that your hero is Pedro from the real world, but he didn’t last that long. Lucky for you that was a long time ago. Science is a little better.

Hey meletio - I understand that you are lobbying to get free healthcare in the new Bill - to treat the “gay” diseases.



There was some tape caught by a CNN reporter earlier today. Here is a portion of the transcript:



Barney Frank: I don’t know about passing this health care bill but I could sure use a meletio.



Campbell Brown: What is a meletio?



Frank: Well a meletio is an insiders secret.



Brown: So you are keeping secrets from the American people



Frank: No, no - of course not.



Frank (speaking very fast): meletioisthenameofaguywhoservicesgaymenbyallowingthementosh!tinhismouthandgetbeatenwithad!ck.



Brown: Excuse me?



Frank: a meletio is not really something I need. It’s kind of like a skidmark in your favorite tighty-whities. It’s disgusting, but it’s yours. You know what I mean?



Brown: Ohhh-kayyyyy. Back to you Anderson. Barney Frank, needs a meletio.

Hey meletio - I’ll make a deal with you:



Define what you mean by a market crash on Monday and if it happens, I’ll leave you alone.



If it doesn’t you have to post here every day reminding everybody that you are an idiot.



Sound fair?

Shantom, get a clue… Who’s refused to talk with citi reps? Mssb or your recruiter “buddies” in the westcoast? You have no clue bc I know for a fact, mssb managers at talking to citi reps. You can keep your recruiters .

Hey meletio - did you know that any children you may have are ALSO likely to be gay?

Hey meletio - you are about as gay as can be.

W

80-120+ at least. I’ll bet on it. Oh wait, I just did as I move money into the market for me and clients.

W

What the hell are you talking about?



You are still gay. Still take it up the a$$. No one respects your opinions. And you still don’t know what you’re talking about.

Wow, you two are great poster childs for our industry, not only do you kill the thread but you embarrass yourselves with child like comments. Imagine if one of your clients read this…

[quote=meletio]FYI…never been a broker. I trade stocks with my own money and could probably buy you 50 times over . Piker
[/quote]

Go post somewhere else, then. This is a forum for registered reps. Nobody here is interested in your stupid “predictions”.

True

I hope these idiots are not the typical Citi FA. What fools.  This board is prowled by far more non-FAs than FAs to be sure and it speaks volumes about them as people that they’d carry on as they have. 

I am fairly sure people at Citi have much more on their minds than all this banter about the market crash of Nov 6 2009 or who’s a fag.  I hope they start their own thread to continue insulting each other.

I

It’s only a stupid prediction because you are scared of the truth…watch out for Monday. I hope you retards have not sucked your clients into this false rally because you are all about to get your asses handed to you. have fun !

g

I am surprised that the team leaving in New York to MSSB did not make the NEWS.  The anouncement that Citi was going to be only fee based was all over the internet and papers when it was announced.

great solution …if you keep telling your clients to buy , buy , buy you are simply a puppet that does what the bone head wall street strategist say. what a joke. So you are one of those broken record guys who tells clients to buy on every dip. That’s worked out great over the last ten years. I’m just glad I don’t pay you for advice because you have none. By the way if the mkt does go to 7500 then your little 10million dollar book aint gonna have any $ to buy more

g

Also even if you averaged down on the dips you still underperformed the treasury mkt over the same period. So basically what you did is overcharged your clients for sh*tty advice

So, exactly what is this new compensation plan at CPWM? Somebody explain, please.

Also even if you averaged down on the dips you still underperformed the treasury mkt over the same period. So basically what you did is overcharged your clients for sh*tty advice

Meletio, you have a lot to say for a nobody.

To sum up, you were never a broker, you are worth a sh!tload of money, you are an expert on the securities market, you think we suck, and no doubt you swing the biggest d!ck this side of the moon. Is all that about right ?

To say your a moron is too easy. We can tell from the time you spend on here, and your never ending strutting that your are an empty suit who is desperate for some kind of attention. Its obvious you don’t have money, and stay off the keyboards unless you have your pants on. Around your ankles doesn’t count.

Either that or you are mentally ill. 

Meletio, you have a lot to say for a nobody.

To sum up, you were never a broker, you are worth a sh!tload of money, you are an expert on the securities market, you think we suck, and no doubt you swing the biggest d!ck this side of the moon. Is all that about right ?

To say your a moron is too easy. We can tell from the time you spend on here, and your never ending strutting that your are an empty suit who is desperate for some kind of attention. Its obvious you don’t have money, and stay off the keyboards unless you have your pants on. Around your ankles doesn’t count.

Either that or you are mentally ill. 

What a bunch of tools. The reason the world is in crisis is thanks to you “advisors” peddling crap. No one needs an “advisor”.



They’d be better off following the advice of people on CNBC or FoxBusiness. Or, even their neighbor than pay outrageous sums of money.



Pimps add more value to prostitutes than you add to your clients.

O

I

How did meletio build his net worth, don’t want to go searching through the entire forum.

How did meletio build his net worth, don’t want to go searching through the entire forum.

What a bunch of tools. The reason the world is in crisis is thanks to you “advisors” peddling crap. No one needs an “advisor”.

They’d be better off following the advice of people on CNBC or FoxBusiness. Or, even their neighbor than pay outrageous sums of money.

Pimps add more value to prostitutes than you add to your clients.

I’ve seen it. At least nobody had to PAY Cramer before he lost their money. They pay YOU pathetic fools AND lose money in the market.

permabitter. How much did your broker lose for you?

Permabear = Putsy

Quite a bit actually. I was in IT and would have conversations with my broker, who always used to say, “don’t worry, it’ll come back”.



Since I fired his ass ten years ago and invested my own money, I managed to make quite a bit.



I remember asking him questions, he didn’t have any clue what he was doing. Like all of you. I interviewed ten different guys from ten different places after I fired him. You are all equally worthless.



No knowledge. You are all crooks. Oh, I’m sorry. PROFESSIONAL crooks.

So how much did you lose on your own?

So how much did you lose on your own?

permabitter. unhealthy to continue to let it get to you. you fired him at the bottom of the tech melt down and then rode the market back up by yourself.

I have IT engineers as clients. I had some I fired because they are too much work. But that doesn’t mean all you guys are smelly, nerd freaks with limited social graces who couldn’t get a good looking chick if she parked her twat on your nose.

So there is no need to blast our whole industry.

You need to move on bro.

Just read your last post.

As sure as the sun rises tomorrow, you will ultimately blow yourself up.

[quote=Mr.Blonde] So how much did you lose on your own?[/quote]

Zero. Because I know how to trade. I use cold, hard numbers to make my decisions. Not hope and pessimism.

I haven’t needed to work in three years because of my trading.

a

[quote=permabear] [quote=Mr.Blonde] So how much did you lose on your own?[/quote] Zero. Because I know how to trade. I use cold, hard numbers to make my decisions. Not hope and pessimism. I haven’t needed to work in three years because of my trading.

H

I was referred to this forum by a friend who told me all it is is a place that talks about the ways you all use to take money from hard-working folks.



Show me a post on here that talks about you can actually help someone. Provide some value.



You are all a bunch of thieves (excepting meletio).

I sell life and disability insurance to hard-working people who care about their families.

permabitter and meletio. Nobody here cares who you are or what you have to say.

We have seen bullsh!tters like you come and go all the time. No big deal. we know you have no money. the ones who yell the most never do.

maybe the two of you should get together and fk the misery out of each other.

Don’t mistake me for one of those that have a lot of faith in analysts. My comment was a query as to how a former IT nerd would have so much insight into the market when the majority of your day is probably spent removing viruses and cookies from employees computers who look at porn on their lunch hour.

Stop feeding the two-headed permabear-meletio troll. They are obviously the same person.

Here’s how I know for a fact that you do not know how to ‘crunch numbers’ as you say Perma.

7

75k in fees…are you insane .i’m thinking that was a typo. 20 hours a week research…why?
maybe if you’re retarded.this mkt is so easy to trade with zero research. Your B.S. comment does not explain why every major brokerage firm is losing assets faster than they can get them and all of those $ are moving to schwab and fidelity. Smart people realize that you guys are worthless and not anywhere worth the fees you charge. I got some scary news for you also. They are not coming back . Everyone on this forum …( except permabear ) is circling the drain and when the mkt  corrects big time ( this week ) you should hear the FLUSH !  You guys should get to sleep now because after this week you will be completely exhausted trying to fight off the ACATS out. Sorry , but true

20 hours in research. Now I know you are an idiot. People are on here bragging about that they only work 20 hours a week. When do you talk to your clients? You “advisors” are all liars.

75k in fees…are you insane .i’m thinking that was a typo. 20 hours a week research…why?
maybe if you’re retarded.this mkt is so easy to trade with zero research. Your B.S. comment does not explain why every major brokerage firm is losing assets faster than they can get them and all of those $ are moving to schwab and fidelity. Smart people realize that you guys are worthless and not anywhere worth the fees you charge. I got some scary news for you also. They are not coming back . Everyone on this forum …( except permabear ) is circling the drain and when the mkt  corrects big time ( this week ) you should hear the FLUSH !  You guys should get to sleep now because after this week you will be completely exhausted trying to fight off the ACATS out. Sorry , but true

[quote=meletio]75k in fees…are you insane .i’m thinking that was a typo. 20 hours a week research…why?
maybe if you’re retarded.this mkt is so easy to trade with zero research. Your B.S. comment does not explain why every major brokerage firm is losing assets faster than they can get them and all of those $ are moving to schwab and fidelity. Smart people realize that you guys are worthless and not anywhere worth the fees you charge. I got some scary news for you also. They are not coming back . Everyone on this forum …( except permabear ) is circling the drain and when the mkt  corrects big time ( this week ) you should hear the FLUSH !  You guys should get to sleep now because after this week you will be completely exhausted trying to fight off the ACATS out. Sorry , but true

[quote=meletio]75k in fees…are you insane .i’m thinking that was a typo. 20 hours a week research…why?
maybe if you’re retarded.this mkt is so easy to trade with zero research. Your B.S. comment does not explain why every major brokerage firm is losing assets faster than they can get them and all of those $ are moving to schwab and fidelity. Smart people realize that you guys are worthless and not anywhere worth the fees you charge. I got some scary news for you also. They are not coming back . Everyone on this forum …( except permabear ) is circling the drain and when the mkt  corrects big time ( this week ) you should hear the FLUSH !  You guys should get to sleep now because after this week you will be completely exhausted trying to fight off the ACATS out. Sorry , but true

ne

n

[quote=Mr.Blonde][quote=meletio]75k in fees…are you insane .i’m thinking that was a typo. 20 hours a week research…why?maybe if you’re retarded.this mkt is so easy to trade with zero research. Your B.S. comment does not explain why every major brokerage firm is losing assets faster than they can get them and all of those $ are moving to schwab and fidelity. Smart people realize that you guys are worthless and not anywhere worth the fees you charge. I got some scary news for you also. They are not coming back . Everyone on this forum …( except permabear ) is circling the drain and when the mkt corrects big time ( this week ) you should hear the FLUSH ! You guys should get to sleep now because after this week you will be completely exhausted trying to fight off the ACATS out. Sorry , but true

Do you have Turrets or something? Why would you waste your time coming onto an advisor forum? Recession got you down? No wait, you’re Chris Hansen of dateline NBC?

I was hoping to help you realize what kind of crooks you were. Maybe those of you with a conscience will actually find some honorable work. Like ditch digging.

Oh god, trading algorithms? Did your IT background help you with that. Let me guess, you invested all your money in Mach of this year and now you’re an expert…we run into people like you all the time, when you leave our office we laugh our asses off

March*

You won’t ever find me in one of your offices. I’ve been investing on my own since 2000. I lost zero money in this last bear market. How many of your clients’ can say that? Forget March. Those of us who are skilled traders made money even after Oct. 2007.



People like me will end up putting you crooks out of business. Once more people catch on to your ponzi scheme. Take money from the rich, and line your pockets.

no wait, ever seen office space? you’re Milton! “have you seen my stapler”?

g

You won’t ever find me in one of your offices. I’ve been investing on my own since 2000. I lost zero money in this last bear market. How many of your clients’ can say that? Forget March. Those of us who are skilled traders made money even after Oct. 2007.

People like me will end up putting you crooks out of business. Once more people catch on to your ponzi scheme. Take money from the rich, and line your pockets.

no wait, ever seen office space? you’re Milton! “have you seen my stapler”?

go back to China slant eyes

[quote=meletio]go back to China slant eyes

a

What is the connection between Michael Bolton, a gangster, and a Navy SEAL?

th

ask your mom what I do  ( or did ) Mr. Blonde. 

[quote=Mr.Blonde] What is the connection between Michael Bolton, a gangster, and a Navy SEAL?

Yeah......I'm going to need you to go ahead and get blown...or in your case, raped

Good for you. Your memory is starting to come back.



Is that like, “I’m sorry, I don’t remember you telling me to sell you out of those crappy mutual funds”?

20 hours in research. Now I know you are an idiot. People are on here bragging about that they only work 20 hours a week. When do you talk to your clients? You “advisors” are all liars.

Analysts and managers - the same people who caused your clients’ portfolios to collapse. Keep your access to that “privileged” information.

Good for you. Your memory is starting to come back.

Is that like, “I’m sorry, I don’t remember you telling me to sell you out of those crappy mutual funds”?

Right now, I screw with you.



I don’t need to work anymore since I got rid of the “advice” you people give.



Go tell your daughter to get ready for me.

Right now, I screw with you.

I don’t need to work anymore since I got rid of the “advice” you people give.

Go tell your daughter to get ready for me.

Analysts and managers - the same people who caused your clients’ portfolios to collapse. Keep your access to that “privileged” information.

“Professionals” are still around because you con men can get grandma and grandpa to buy in.



Yes, I am unemployed. I use the money I make from the market to work from wherever I want. For instance, I’m in California now. I’ll be in New York next week and Spain the week after that. I’ll be spending Christmas and New Years in New Zealand. While you putter around in your backwater.



Oh and I meant your college age daughter. I guess if you’re a chink, they look a little young. But you know, there are Asian porn stars in the making all over the place.



LSU - it’s “purport” not proport. Random Walk and Efficient Market Hypothesis (even the strong form) don’t make returns like I get. Those theories basically say, “my hands are tied”, which is what you “professionals” use to justify your fees.



It appears you are the idiot and one who doesn’t even know how to spell.

[quote=permabear]“Professionals” are still around because you con men can get grandma and grandpa to buy in.

Yes, I am unemployed. I use the money I make from the market to work from wherever I want. For instance, I’m in California now. I’ll be in New York next week and Spain the week after that. I’ll be spending Christmas and New Years in New Zealand. While you putter around in your backwater.

Oh and I meant your college age daughter. I guess if you’re a chink, they look a little young. But you know, there are Asian porn stars in the making all over the place.

LSU - it’s “purport” not proport. Random Walk and Efficient Market Hypothesis (even the strong form) don’t make returns like I get. Those theories basically say, “my hands are tied”, which is what you “professionals” use to justify your fees.

“Professionals” are still around because you con men can get grandma and grandpa to buy in.

Yes, I am unemployed. I use the money I make from the market to work from wherever I want. For instance, I’m in California now. I’ll be in New York next week and Spain the week after that. I’ll be spending Christmas and New Years in New Zealand. While you putter around in your backwater.

Oh and I meant your college age daughter. I guess if you’re a chink, they look a little young. But you know, there are Asian porn stars in the making all over the place.

LSU - it’s “purport” not proport. Random Walk and Efficient Market Theory (even the strong form) don’t make returns like I get. Those theories basically say, “my hands are tied”, which is what you “professionals” use to justify your fees.

It appears you are the idiot and one who doesn’t even know how to spell.

never been a broker douchebag…not a big fan of screwing people out of their money

I

Can you work a little on your penmanship?  I am having a difficult time reading the messages you take for me.

Meletio is Permabear. He has created Permabear.

clear your inbox bob

clear your inbox bob

h !

[quote=permabear]“Professionals” are still around because you con men can get grandma and grandpa to buy in. Yes, I am unemployed. I use the money I make from the market to work from wherever I want. For instance, I’m in California now. I’ll be in New York next week and Spain the week after that. I’ll be spending Christmas and New Years in New Zealand. While you putter around in your backwater. Oh and I meant your college age daughter. I guess if you’re a chink, they look a little young. But you know, there are Asian porn stars in the making all over the place. LSU - it’s “purport” not proport. Random Walk and Efficient Market Theory (even the strong form) don’t make returns like I get. Those theories basically say, “my hands are tied”, which is what you “professionals” use to justify your fees. It appears you are the idiot and one who doesn’t even know how to spell.

Get ready for the market to open, sh!t for brains, instead of typing on the forum. No wonder you lose your clients’ money, you’re too busy posting.

x

x

Reading meletio/permabears’ posts remind me of that WOW South Park episode - and what they probably look like:

x

Nice, did you take a break from jerking off to blueboy.com to find that pic

1

[quote=meletio]Nice, did you take a break from jerking off to blueboy.com to find that pic

3

35 minutes until mkt decline

I’

I’ve also heard of juliachilds.com   doesn’t mean i’m a chef dumbsh#t. I just happen to have knowlegde unlike everyone on this board ( except permabear )

I can’t believe you tools are bashing meletio when the market is already declining here at this hour. At some point, you sheep will figure it out. You are just spending your clients’ money without even making things better for them.



Watch it fall, chumps!

A

Hey buddy, I’m waiting with great anticipation.

I

Nasdaq just turned negative. What up???

o

what’s the matter losers? i guess having access to all of those analysts doesn’t help.

So does the 30% drop happen right at 1:06pm?

it

He means Central Standard Time. He didn’t clarify.

it’s beginning now. it doesn’t gap down …it’s a slow bleed like your business

w

No, I’m on my lunch break - you gets those when you are employed.

yo

you better hurry …your phones gonna start ringing when you loser clients look at the mkt tanking

i

I get a WI-FI connection in the Walmart break room.  Hah!

p

Don’t feel bad for the dog…he’s the quarterback.

Just out of curiosity what is the catalyst to this clobbering today? What is it that makes you think this? Is it that we break through the resistance of the 200 day moving average?

E

So what made you choose 1:06 PM?

j

Everyone talks about the money on the sidelines ready to go in. Maybe that money is being used as a replacement for the Lines of credits that people used to use. I , and probably most investors , have some $ on  the sides that will never invest. The mkt rallyed on a BS gdp number and for the most part the earnings have only be good because the bonehead analyst numbers were too low. There was over 1 trillion dollars spent using credit cards and helocs which is GONE for good that $ will never go back into the economy. This is a different world. When you see the mkt rally only because the dollar is going down the tubes that is not a great sign. P/E ratios are too high( especially when the E aint coming back to it’s old levels. But most of all I thought the mkt would go down because everysingle person on CNBC or bloomberg says to buy the dips. The masses are always wrong. Just a gut feeling

Th

[quote=meletio]Everyone talks about the money on the sidelines ready to go in. Maybe that money is being used as a replacement for the Lines of credits that people used to use. I , and probably most investors , have some $ on the sides that will never invest. The mkt rallyed on a BS gdp number and for the most part the earnings have only be good because the bonehead analyst numbers were too low. There was over 1 trillion dollars spent using credit cards and helocs which is GONE for good that $ will never go back into the economy. This is a different world. When you see the mkt rally only because the dollar is going down the tubes that is not a great sign. P/E ratios are too high( especially when the E aint coming back to it’s old levels. But most of all I thought the mkt would go down because everysingle person on CNBC or bloomberg says to buy the dips. The masses are always wrong. Just a gut feeling

i agree

I think permabear is a bad influence on our little meletio.

M

lo

Me a split personality…you are a Walmart employed daytrader who lives in Ireland 

Ha

[quote=permabear] [quote=LSUAlum] [quote=meletio]Everyone talks about the money on the sidelines ready to go in. Maybe that money is being used as a replacement for the Lines of credits that people used to use. I , and probably most investors , have some $ on  the sides that will never invest. The mkt rallyed on a BS gdp number and for the most part the earnings have only be good because the bonehead analyst numbers were too low. There was over 1 trillion dollars spent using credit cards and helocs which is GONE for good that $ will never go back into the economy. This is a different world. When you see the mkt rally only because the dollar is going down the tubes that is not a great sign. P/E ratios are too high( especially when the E aint coming back to it’s old levels. But most of all I thought the mkt would go down because everysingle person on CNBC or bloomberg says to buy the dips. The masses are always wrong. Just a gut feeling [/quote]

Why are you editing your posts?

Also, I'm surprised that no one has used the phrase "rip off your head and sh!t down your neck" yet in this thread.

Wow, it’s getting ugly in the market.  Looks like that 20% crash call was right on the money.

M

Maybe a little early, but if you have a brain can’t you tell that with three different positive economic numbers and good numbers from ford and the mkt can’t hold it’s gains tells me the mkt is getting a little tired. I know now you are supposed to come back with some type of response where you call me gay or talk about my mom. Or another one of your immature post

o

Someone find this guy and take a dump on his front porch

er

to be honest with you , what really scares me more than the mkt is saturday at 3:00
go Bama

I’

Someone find this guy and take a dump on his front porch

Quit bonding guys.

If this thread doesnt bring down the boards as a resource for idea exchange, nothing will.

I have to agree Ice

wait, i’ve been away. just so i have this right…



meletio is a pedophile? that’s not okay. a mod. should throw his ass out of here. not cool at all meletiophile. not cool at all. i thought you were harmless, but you touch kids? yikes. i’d love to meet you so could break your face over my knee.

W

What makes YOU a joke is that you told us exactly what day the market would crash. When you do things like that, you draw the scorn of intelligent people.

what makes you a joke is that you are a joke

W

Is that all you can say?



The man puts, in capital letters, information about a market crash, and all you people can do is criticize and threaten.



A bunch of internet street toughs, huh?



As for professionals, who do you think you’re fooling? Maybe your clients. I can’t imagine the depth of dishonesty it requires to smile, look your clients in the eye and take their money they worked so hard to earn.



Bank robbers are more forthright.

I c

N

I

No I’ve never met nor do I know PB. He just makes sense unlike all of you others 

I

Why do you think meletio and I are the same person? Is it so hard to believe that there are TWO people who can make intelligent posts?



Probably something your feeble minds can’t handle.

So you think meletio and I are the same person because of an IP address?

W

[

S

no

H

[quote=meletio] Hey permabear, buy some SDS it looks like the mkts rolling over again

[/quote]



Way ahead of you!

I

meletio:

Yo

m

It’s amazing what passes for humor among thieves.

meletio, so you’re not a broker? huh? maybe i read something wrong, but if you’re not in this business, then what gives? if you are trolling for minor, you’re on the wrong site. i believe all of us are at least in our 20’s. i’m pretty sure there are ‘kid toucher’ forums you can jack off on. this is for stockbrokers, not chesters.

I

Someone from Citi-  share what you heard on today’s conf. call if you would. I’ve heard some rumors that it was anything but compelling. True?  Anyone at Citi going to stay? If so, why?

They went over the new compensation plan but it is not yet published. New 35% grid for transactions doesn’t sound so bad.

35 percent for team comp, or if you stay individual as well?

There will be a big cut at Citi very soon…plan Bs in place? 

35% for transactions?  I thought C moved to fee-based business effective immediately?  Also, what about reps with LOS greater than 5 years who are subject to a 20% payout?  I believe that LOS penalty box was carried over from the bank-based Smith Barney comp plan.

Penalty box 20% is not going to matter much, cuts at the lowest tiers will take care of that- count on that. 

what are the details of the cuts?

Low end producers getting termed today 

hahaha...that sucks!  I wonder what the cutoff was..

There were a couple let go that I know of, and suspect that there are more to come.  I read somewhere that will be 75 cut across the nation which would look to be about the bottom quintile.

Regarding the call.  There are still many questions that have been left unanswered.  Management is acting schitzo.  On one hand improving the plan after feeling the pinch of a few top guys leaving (acting as if they care) but on the other hand still not ready to really take difficult questions in an open forum to address peoples concerns(showing they dont care).

It’s amazing how one company can screw their advisors so thoroughly as citi has done over the past year. We ae the reason why the clients stayed throughout their turmoil, 5 bailouts, etc…

They have positioned it to were you really have no choice but to join teams of 7 or more reps, forcing you to share sensitive and confidential info with many other reps, can someone please explain How This is Legal and not being contested ?

It’s amazing how one company can screw their advisors so thoroughly as citi has done over the past year. We ae the reason why the clients stayed throughout their turmoil, 5 bailouts, etc…
They have positioned it to were you really have no choice but to join teams of 7 or more reps, forcing you to share sensitive and confidential info with many other reps, can someone please explain How This is Legal and not being contested ?

Thanks for clearing that up, I never claimed to be a lawyer, that’s why I asked…if you were a client, would you want your rep to tell you, oh by the way, I’m joining forces with 7 other people and they will know your total net worth, you’d holdings, your annual income, etc… I don’t