I would like to get into the Investment Research field. I believe the position generally recommends/requires the Series 7, 86 & 87. Successful completion of CMT Level 1 & 2 will waive the Series 86 exam. What are your thoughts/experiences on the pros and cons of the CMT? It looks interesting and a step in the right direction to the research analyst field.
Yet another designation I’ve never heard of.
" I believe the position generally recommends/requires the Series 7, 86 & 87." - You beliefs are wrong my friends.
i’ve heard the CMT is the biggest joke of all time. even traders don’t see it having any value. only people who see value in it, are those who have it. which are what? 3000 people in the world. don’t waste your time.
traders dont necessarily need it. Market technicians would.
I have both the CFA and the CMT. Neither of them are jokes, but both belief systems–like any–are debatable. I started the CMT when I concluded that the EMH, for most practical purposes, is an ivory tower construct of convenience that became a Tower of Babel. The CMT hasn’t answered all of my questions either. But the CMT does frame the discussion of asset prices as a function of crowd behavior. Anyone who doesn’t believe that is warmly invited to read Shiller’s books on irrational exuberance as it relates to internet stocks in the '90’s and, um, real estate in the '00’s.
No one believes the EMH - so that point is moot
I am getting tired of superficial dismissals of the EMH, which seem to be cropping up all too often these days.
I went to the Web site for the CMT. There is a sample quiz for level I on there and the first question was about a “dead cat bounce (DCB)”. I have a very hard time taking stuff like that seriously.
the CMT stuff is value added, but just buy and read the books, dont pay for the exams. the exams have no value in the real world. a lot of people think technicals are a joke, and i think stuff like finding the “lucky rabbits foot pattern” or whatever IS a joke, but there is some pretty helpful stuff as well that nicely complements fundamental analysis.
i am also a charterholder taking the level 2 CMT exam in oct…i think its worth a shot if ur interested in technical analysis…to add more tools in ur kitty… i also think u can jus read the books n not take the exam…the reason i m taking the exam is i kinda need a push…a schedule …to complete these books…or i will jus take it casually…the choice is urs…
TA is powerful stuff (google a guy named James Simons who is pretty dece at it), but there is a lot of crapola that you have to read/remember to pass the CMT exams. I got all the books (+ a few more) for the CMT exams, but don’t really care at all for the designation.
^legitimate. Learning for the sake of learning rather than adding letters.
Captain Windjammer Wrote: ------------------------------------------------------- > I am getting tired of superficial dismissals of > the EMH, which seem to be cropping up all too > often these days. Wrong person to direct this at captain. I’ve done my homework. No need to write a tome supporting it.
sublimity Wrote: ------------------------------------------------------- > TA is powerful stuff (google a guy named James > Simons who is pretty dece at it) If you’re referring to the one at RenTec, I’d say he doesn’t use what most people consider as TA…I’d consider him more of a quant, high-tech arbitrage practitioner. I’d be very very surprised if he was using the “lucky rabbits foot pattern” to make any trading decisions.