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Wall Street’s Young Guns Brace for First Big Test

From bloomberg.com

Magdy El Mihdawy remembers exactly where he was when the stock market tanked in 2009. He was on Spring Break in Florida -- as a 22-year-old undergrad. Today, El Mihdawy is part of a Wall Street demographic whose own trial by fire awaits: traders who’ve never known anything but a post-crisis world of rock-bottom interest rates and ever-rising markets. This youth brigade -- call it Wall Street’s class of 2009 - - is about to learn what higher interest rates from the Federal Reserve look like first hand. Their inexperience has left older, more experienced colleagues wondering how these relative youngsters will fare. ... (full story)

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