Berkeley CSUA MOTD:Entry 51571
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2025/07/08 [General] UID:1000 Activity:popular
7/8     

2008/10/17-21 [Finance/Investment] UID:51571 Activity:kinda low
10/17   http://www.chicagobusiness.com/cgi-bin/news.pl?id=31449
        44-year-old veteran trader kills self after losing several million
        daytrading S&P 500 futures on Wed.
        \_ And we should pity gamblers because ......
           \_ Because he worked very hard like many Americans do.
              \_ Most Americans don't live on gambling.
                 \_ What's fundamentally different between a Math PhD at
                    Goldman Sachs doing numerical analysis to beat the
                    market vs. a stock broker who uses his superior
                    understanding of psychology to beat the market?
                    \_ Neither of them are doing anything particularly
                       useful, so no, not fundamendally different.
           \_ who says we are pitying da foo'?
           \- nouriel roubini has killed himself:
       http://gawker.com/5064429/nick-denton-is-an-anti+semite-with-a-nazi-mind
2025/07/08 [General] UID:1000 Activity:popular
7/8     

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www.chicagobusiness.com/cgi-bin/news.pl?id=31449 -> www.chicagobusiness.com/cgi-bin/news.pl?id=31449&seenIt=1
Joseph Anthony Luizzi, 44, of Oak Brook, died in west suburban Berwyn, according to the Cook County Medical Examiner's Office. "He explained to his wife that he had made a substantial loss and was despondent that he could never regain that loss," said Berwyn Police Chief William Kushner. A 20-year veteran of the trading floor, Mr Luizzi was registered as a floor broker at the Chicago Mercantile Exchange and cleared through DAW Trading, a division of futures brokerage Rosenthal Collins Group LLC. Sponsored by Rosenthal Collins CEO Scott Gordon declined to comment. RCG, which backed Mr Luizzi's trades, has more than $1 billion in customer funds. "These are dangerous times in the markets, and anything could happen at any moment," says Eric Reinholtz, a broker for DAW who said Mr Luizzi was an Everyman of traders. Mr Luizzi worked with XFA Chicago until he left about a month ago. Before that, he was a vice-president of HSBC Securities USA. On Wednesday, Mr Luizzi made a substantial number of personal trades that failed, according to the police report. Found in his coat pocket were trading cards that had not been turned in, the report said. He was found about 7 am Thursday morning in front of a firehouse near Metra tracks and just blocks from a second home he and his wife owned in Berwyn, according to police. News of Mr Luizzi's death stunned Chicago's trading community. Groups of traders and clerks stood in small groups on CME's trading floor Friday morning talking about the longtime trader. Independent traders like Mr Luizzi typically buy and sell throughout the day. In volatile markets, even a few wrong-way bets can have big repercussions. "We express our condolences and sympathy for family, friends and all who knew him," said a CME spokeswoman, who declined to comment further. Mr Luizzi's death came hours after a plunge in the stock market. The S&P 500 posted its biggest gain since the 1930s on Monday before plunging the most since the crash of 1987 on Wednesday. The same day, the Dow Jones Industrial Average dropped 79%.
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gawker.com/5064429/nick-denton-is-an-anti+semite-with-a-nazi-mind
The NYU economist was one of the first to warn of impending financial doom; he's burnished his reputation as an eligible intellectual; and I'm sure the regular parties at his vagina-decorated Tribeca apartment are more popular than ever among his Facebook lady-friends. Facebook stalking, Roubini has launched the most extraordinary and embarrassing tirade on my Facebook wall. Apparently the words playboy and rou are the same terms used by Nazis to describe lecherous Jews; Roubini's personal meltdown--as dramatic as the economic disintegration he's so long predicted--is entirely understandable. It was 2am when he wrote the barrage of Facebook messages reproduced after the jump; Doom must feel beset by enemies--though not at Gawker, where he promises to provide weeks of good copy and entertainment.