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I loved the 1980's. It was a grand time in Chicago wearing a leisure suit with exposed stitching on Rush Street. Harry Carey was still alive and drinking Budweiser in the 7th inning and the trading pits in the Chicago Commodity markets were bustling as new financial derivative products were all the craze for Wall Street. This really put Chicago on the financial map.
One man really stood out to me. His name was Leo Melamed Chairman Emeritus (NYSE:CME) and he would stand at the exit door at the CME trading floor and ask market makers (called locals) who were finishing up their days in the Live Cattle or Pork Belly pits to stay around and spend 15 minutes in the new S&P 500 Futures Pit. We would joke that it was and easy way to lose $ 1500 bucks in 15 minutes and would prefer to play cards on the trains back to the suburbs.
None of us knew what Leo knew. I would like to catch up with him, although he is a bona-fide rock star today, I hope he is relaxing with his grand kids healthy and happy.
He and his crew did so much for the City of Chicago and powered the "Loop" to its current lofty status as home to our President and future Host of the Olympic Games. Thank You Leo for your hard work you brought many young minds to Chicago. You were the real-life antithesis of Gordon Gekko that not many know about.
Wall Street 2 due in 2010 with Shia LeBouf will playing Jake Moore a young trader who is set to marry Gordon Gekko's daughter in the film - began shooting in New York this week. Charlie Sheen prepares a cameo as Bud Fox while Shia spent weeks hanging with Jim Chanos and other Hedge Fund guys prepping for their roles. Little does Shia know that his character will undoubtedly motivate many young men and women to head back to Wall Street in the same way Bud Fox did in the 1980's. Greed was good then – but bad now – and the plot centers around Gordon helping Jake (Shia) navigate the waters…. I have seen a couple of scripts…but only Oliver knows what goes on the cutting room floor. Many predict Q4 2010 as a date that will eventually shake out declining prices for equities globally and maybe Oliver can pick a market bottom like he did back in the day.
Thank You Oliver, Shia and Leo. I want the 1980's back!! I have the Leisure suit with the exposed stitching dry cleaned and ready to go.
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