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Rosenberg Shuts Down The Fast Monkey Brigade
He came, he saw, and he couldn't believe his eyes... or ears. It is almost painful to watch David Rosenberg smack the Managing Partner of Seygem Asset Management like the puppet doll the formerly insightful anchor has become. The same goes for the balance of his CNBC colleagues as they proceed to ask highly (ir)relevant question after question.
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fuck cnbs!
Dont ususally view this site with a browser that doesnt block all ads, couldnt believe capital one advertises on here. Felt good clicking that thru a few times.
Started early on the jameson tonight....
I'll buy you diner?,,,,I wouldn't take 50 million dollars in bearer bonds from this FUCKING IDIOT...
He'd realized by then he'd gone to far....
Probably thinking that extra "dutch courage" coke (drink of course) , seen as Rosie was on, may have not been the best idea!
:)
Let me correct myself... Fuck cnbs, CONgress, Obamy and the banksters!!!
Let me help you amend your statement... Fuck CNBS, CONgress, Obama, the Democrats, the Republicans, the ratings agencies, the Banksters, the Fed, the FASB, all the government regulatory agencies, the Trilateral Commission, the Council of Foreign Relations, the G whatever, the UN, and any other bastard or big corporate interest that has a fingerprint on this Alice in Wonderland like 1984 fascistic Orwellian existence the people of the US are subjected to on a daily basis.
Nice work Crab Cake, and thanks for saying it so well!
So painful to listen to these yammering imbeciles constantly speaking over Rosenberg's every word. Somebody put them out of their misery already.
I second that
Rosenberg was completely annoyed by these idiots.
What's surprising isn't that CNBC viewership is down over 50%... what's surprising is that they have an audience at all.
This clip seems like something that should be a Youtube exclusive...
The Fonz kept interrupting everyone. When everything fucks out, Rosie should have the dinner televised.
He who laughs last laughs longest.....
CNBC HAS BEEN A JOKE SINCE 2006! NOTHING HAS CHANGED, THEY ARE STILL A JOKE!!!!
bull market television really living up to their namesake here. Jeesh!
LOL - the smartest guy in the room (Rosenberg) just took apart the ObamaParrots. I think I saw a head explode...
DBL
I never watch CNBC, so I've never seen these people before but damn, that guy Tim Seymour is a rude, classless piece of crap. Rosenberg knows his stuff whether you agree with him or not while this Seymour guy is an amateur at best. How do these guys get jobs? Nobody makes faces like that on the camera unless they're insecure little toads.
He's a trust fund baby that has already lost everything once...playing emerging markets. He had a personal bailout and sadly, came back. My guess is his best income comes from CNBS.
Howard, that makes sense as he was acting like he was taking Rosenberg's analysis personally - almost like he was squirming in his seat. The arrogance of those people really struck me as odd. How can anyone in this business be arrogant? It's the most humbling business on earth yet these idiots act like they're world slayers.
It's the most humbling business on earth
So true. In my twenties, after getting a small windfall, and making a lot of money in options in a very short period of time, I went naked, figuring I was smarter than the market. Whoops - two days before my naked calls were set to expire, trading was halted for an announcement, and when it re-opened, I was thousands of dollars in debt. A painful, and yet relatively inexpensive, lesson, since I ended up handling a multi-million dollar account for my family years later. Today, I'm humbler and more successful as a result.
I had a supervisor WAAAAY back during college that told me after a bad shift, "You can't learn unless you f*ck up first." We can always count on people to do the latter, but not often the former.
"He's a trust fund baby"
That explains his cluelessness. He thinks the auto industry is gonna come roaring back when it couldn't show a profit during the boom years.
He thinks the auto industry is gonna come roaring back when it couldn't show a profit during the boom years.
Game. Set. Match.
Kaboom
haha well put indeed!!1
+10000 perfect response.
Also,
Just because inventories are low..does not mean that people are now going to "buy" cars.
Big deal inventories are low.
Yes the companies will produce some..but should produce a smaller amounts. Especially since the cash for clunkers is over.
There is no evidence that people are buying or going to buy assloads of cars now. From the automakers perspective they will not produce assloads of new cars. As your raw materials purchase and what you are going to "make" is tied to past sales and future sales. They know that cash for clunkers is over and will consider that. (Well..maybe I am giving them too much credit. ;)
The automakers are worried. They are not going to just crank up production.
.
thanks howard....why am i not surprised.
the take on automobile recovery flies in the face of virtually everybody that I have read. i don't even think fritz henderson is that bullish on auto sales going forward. I know that the fiat/chrysler ceo isn't and he is on record.
i've only watched fast money twice in my life because both times my broker (a good buddy and b'ness r'ship) insisted that I do it. I have watched cramer's show twice as well.
the 2 guys who had the most airtime make old time aluminum siding sales guys look highly professional.
lol...I was thinking the of the Fuller Brush Man.
Mos def couldn't be a Kirby salesman
If you think thats rude, check Schiff's appearances, they openly laugh and mock his calls. Just like they did a couple years ago, and they see no correlation.
jon stewart had schiff as a guest a couple of months ago and put together a montage of the cnbc zipbrains making fun of him. it is absolutely priceless...go to comedy central and search around for it. in fact, i'll try to find it and post a link.
edit link http://www.thedailyshow.com/watch/tue-june-9-2009/peter-schiff
Thanks DH
Peter Schiff is on top of it. That was worth watching.
Agreed. It's gotten ridiculous.
As much as I like Rosenberg's analysis, I can't even watch this clip, I just know it would piss me off too much.
ghost...do not watch it. the second half of your last sentence is correct.
You should watch it. Rosenberg is in very good form. It is hard to deliver a beatdown over the phone to a bunch of assclowns who can talk over you but he did it.
When one of the idiots started asking Rosenberg where the liquidity was going to go, I could almost hear his blood pressure go up over the phone. In a recent piece, Rosenberg said that the liquidity argument is 'usually a catch all phrase for "we have no clue" but it sounds good'. Rosie did make a good point about the liquidity argument last being in vogue in late 2007.
The girl was okay, though.
This clip should be watched only because it is what our "leaders", MSM and otherwise, want the people to believe. If someone is easily swayed, then by all means cover your ears. I am thinking that when the unemployment benefits finally end, and all the foreclosures finally start to happen, CNBC will be chearleading how it is really cool to be homeless and hungry (It's a fashionable dieting trend!).
Smegma Asset Management?
No thank you.
What a bunch of dicks. They invite a guy on the show and then proceed to interrupt him and talk over him.
That clip was a reminder to me as to why I don't watch CNBC.
Ratigan made that show and didn't allow that kind of nonsense. By the way, the Fast Monkey numbers were down 60%. And I have to ask you TD, when was Tim Seymour ever insightful (except when he might have been stealing someone else's words)? He's always been frighteningly uninsightful to me. I stopped watching the day Ratigan left and then it was just to watch Dylan rage against the machine that put us in this mess, but Seymour has never had much upstairs IMO.
i just noticed a few times that T.S. was polar opposite of what i was thinking on some of his calls, and so i surmised that he was pushing the other side of his own trade. ( But if he has a history of blowing up his own investments, maybe he just has really bad ideas?) I liked the rest of the original cast but, stopped watching when Dylan left.
Fast Money became a joke ever since Mackey and Ratigan left. Finerman and Adami are solid, but Terranova and Seymour have slipped considerably. Then there's Asshat Pete Najarian who, if you can get to stop plugging his fucking options site for just one second, never says anything much of value. Last but not least, you've got Melissa Lee which singlehandedly makes the show excruciatingly painful to watch.
I'd still watch the show for Adami, Finerman, and Seymour but, goddam: I feel dumber listening to her speak for even just one minute. It blows my mind that CNBC doesn't realize how much of a drag Lee's pom-pom retardedness suffocates the show.
I remember hearing Najarian, on Fast Money, say that Citibank was starting to look attractive when it was at 35, and no one disagreed with him.
Friday, 2 Nov 2007
The Fast Money MisfiresTim Seymour
On October 4th, The Ambassador was bullish on a financial stock. At the time he said, "Merrill's stock has really underperformed some of their peers. It certainly looks cheap relative to the others. I am a buyer on relative value.” Once again everything is relative. Shares of Merrill (MER) have fallen 19% on fears of the credit crisis and additional write-downs.
Tim Seymour recommends staying with the trade.
Oh Christ, are we to look at everyone's trading record and throw stones? How's yours been? Did you have all the answers a year ago? Let's be reasonable and objective here.
Point taken. However, I am not on TV on a show call Fast Money recommending trades to retail investors. Look at the trade, the recommendation was made on Oct. 4 and on Nov 2, the stock is down 19% and the trade is still on and recommended. You find nothing wrong with that? He is supposed to be an expert. Shouldn't he preach something about money management, too?
I haven't watched any business channels for a long time. But, I remember Mr. Seymour postulating his decoupling thesis around 2007 and 2008 and how demand from China and Russia will prevent the recession or even pull us out of it. Yes, that worked out as postulated, too.
No, I did not have all the answers a year ago but was uncomfortable with a few things I was seeing. And if staying out of the market is a trade too, then I have done pretty well.
Speaking of broads on the show, that guido chick who had like 1 sentence to add isnt much better than Lee.
Seymour is a major twit, can't stand his smug greasy demeanor. Someone needs to give that homo a major ass whoopin. Rosie comes on classes up the place and they can't take it, they try to pull him down to their pathetic, dirty world of lies and he is far too classy and intelligent to take the bait.
No disagreement about Seymour's behavior, but I have to respond by saying it's his message I care about, not him. He generally has decent tidbits of insight while Terranova, Lee, and the Najarians are just running their mouths. Is the guy a ZH-style bear, hell no, but let's not rip the guy down just because he's making the right trades. Not trying to defend the guy, but let's agree that he's not just any chump or trader.
Sorry Andy, he's a chump.
I'm just opposed to giving someone a label and writing them off--that's just unwise and turns this site into a bear orgy than opening up some discourse.
Ok, Seymour cut off Rosenberg like a jerk, but it's not like he didn't have a point. I mean, just what the hell do you think the autos are going to do with depleted inventories? The unions, the management teams, and the government will be the first to cheer "make more" regardless of how ludicrous future demand may look. So in this case, Seymour is just looking at the facts and seeing if there's a short-lived trade available, which is very reasonable.
Seymour is, actually, a tremendous chump here. Where was his discourse on the simple fact that a drawdown in inventory does *not* necessarily lead to additional production of any size? Did he make note of the fact that if auto manufacturers know that the recent gains were due entirely to fiscal stimulus, there would be no reason on earth to increase production short of a "Cash-for-Clunkers v2.0"?
Come on. I have no idea what this guy has done in the past but on this particular point, he's captain chump. Smart auto makers will wait to see organic growth before committing to inventory rebuild. The only way Seymour might have a point is if he's betting on US auto maker stupidity. That's actually not a bad take, now that I think about it...
Given what we know about Fast Money, I was a little surprised that Rosenberg even made an appearance. Most the the commetators there are in love with hearing their own pathetic voices.
The auto inventory argument, though, was a laugher and almost worth the 5 minutes of questionable airtime. Automakers (the ones that are really left) know full well that cash or clunkers was a good time to rationalize inventory. Some replenishment will be made on select fuel efficient models, but this was far from a full inventory flush. What repleishment we wiil see will be very fleeting.
The liquidity stuff was pretty goofy as well, but Rosenberg didn't give a strong response. Where's the liquidity? Ask any TBTF bank. It's not being multipled through traditional lending practices, it's being hoarded... as finanical institutions are buying momentum driven assets even higher. It really serves no productive purpose, except to buy time.
As for dinner, you can flip a coin if the market is higher or lower by the end of the year. Rosenberg will be proven on the mark in due course.
"Smart auto makers"
Woahhhhh. Easy there cowboy.
I'm sure everyone here, myself included, has had his share of clunkers. It's part of the game. But, recommending financial stocks during the worst financial crisis since the Great Depression is a different animal.
are andy and aswipe brothers?
Make more?!? Maybe the auto industry finally gets it and is preparing for the current economy of lower demand since no one has any home equity left to borrow to buy an auto (and to write off the mortgage interest).... One can hope can't they?!?
That little punk Seymour is a real assclown
Oh GAAWWWWDDD...! Fast Money or Funny Money....?
Gotta love David Tice. S&P 400.
http://www.youtube.com/watch?v=VjLHWKTRRfk
http://www.businessinsider.com/goldman-sachs-and-morgan-stanley-cannot-afford-to-remain-silent-on-galleon-charges-2009-10
Everyone of these, I think, "Surely this will bring them down." I think this is what floors me the most, more and more comes out and nothinng happens.
How about a photograph of Barack Obama bent over his desk at the oval office, with Lloyd C. Blankfeind's d!ck up his @ss? Would anyone find that incriminating? Would there be an investigation then?
Would Hillary comfort Michele, or not so much?
omitted
Interesting.
What is fun about being a MsCreant, is I don't have to be ladylike. I trust your judgement on this comment removal, and sometimes mine is bad regarding what I post. All good to have a "name" and an avatar. We are still wearing paper bags. Ours are just decorated and we build up a consistent history that we are accountable for.
Just don't be so good you don't have fun, K?
Awesome
I know Joe from MBF Clearing Corp in NYC. He is a major, self centered, self important dick. He treated everyone around him with contempt.
How much does he spend per month on tanning salons and teeth whitener? He reminds me of Joe Isuzu.
I think he sat my party at a restaurant in Little Italy once. "You like... Bellisimo?
Grazie
Seriously? I thought he was indian. My bad.
We just witnessed behaviour by the Fast Money Crew that is the functional equivalent of children becoming angry or frustrated when they're told what they don't want to hear. Rosie wasn't singing the Fast Money tune and that's heresy and blasphemy.
With some small exceptions, Fast Money has become (really always has been) an echo chamber for the crew. Wait a micro second and the echo will tell you everything you want to hear and already know. Amazing how a 7 month cyclical bull market as made everyone geniuses. Again!
May I recommend they not invite guests who won't march to their particular drum. Then we won't get all the smirks and eye rolling by the various ass wipes. At least Karen (occasionally) understands that when you don't agree with the boys, shut your mouth. Little boys with big ego's don't like to be contradicted.
Wear the boxers boys. They don't squeeze the brains as much.
CD - Won't matter. Nothing could constrict the blood flow to what cannot be found.
So they go commando?
Only in their dreams. Lucky for them they can afford to be lied to.
You two have misunderstood each other. Miles was saying they had little units, and he did not mean commando units.
LOL
I was fully aware of the double entrendre. That's the fun of ZH. I think Miles did as well but who knows and it doesn't matter anyway.
But nothing slips by MsCreant. I hope I never meet you in a dark alley. You might just check me to see if I'm going commando, am a commando or for other little things. :>)
heh
I'm so ashamed to be the same gender as those two douches.
The female anchors sound far more smart than them.
If the "Fast Money" crowd reflects Wall Street I now have a fuller understanding as to why Wall Street is so fucked up. What a bunch of O2 wasters. Put them to work doing something useful, like shoveling shit in Louisiana. After all, trust funders like them will never answer the call themselves. The personification of a R.E.M.F.
I am totally PISSED by what I saw tonite
It seems like Melissa Lee and maybe Finerman were the only people trying to listen
Tim Seymour has officially been moved over to an island called Douche-Land on CNBC.
Smug, arrogant, know-it-allish....personally trying to attack David multiple times.
looking for cnbc viewership to be down 70% next time
Melissa Lee regularly gets run over by the boys. Karen can hand their heads back to them in any verbal joust so they've learned not to mess with her.
But even Karen knows that when the boys' balls are swinging, just get out of the way.
Bingo ! These guys just don't listen.
God I hate those babies.
Even funnier was Cramer saying the "market has topped" yesterday. Today ? Not a word.
BWWAAAHAHAHA
You wont be laughing over the next few days.
Please clarify your meaning.
Thanks
At this point I'd be willing to lose half my net worth just to see the market come crashing down on Tim Seymour's greasy head and wipe that asinine grin off his face. Everyday I wonder, how does this person make money in the market? I'm convinced he doesn't.
And Teranova? He was put on this earth to be a blackjack dealer in Reno. How has he strayed so far? Why is he on TV?
+100
Haha, I bet Seymour doesn't make money--probably fits in with the new maxim: people used to be on television because they were famous; now they're famous because they're on tv.
I despise everyone on FM, those guys are the biggest douchebag, bullshitting jobbers. You know they're a horse's ass when you see them make a "game face" after the camera switches to them.
+200
lol, nice post. the blackjack dealer bit is solid gold
Invite somone on the show, interrupt and argue with them, then bet dinner on where the market is in two months, real class. Who the fuck knows where the market will be. The correct answer came from Macke, before going off the reservation, none of this is real.
Goddamn that guy's rant was completely fucking epic...
Let's all watch one more time:
http://www.youtube.com/watch?v=EWFLfzbZQFI
"I'm going to speak to you like a child..."
That was TV GOLD !
Ya i was wondering, wtf happened to him? Is it after that short segment on tv where he was too high to function that CNBS fired him?
minyanville
The guys from fast money are shockingly stupid. I can't believe anyone would give them money to manage.
In all fairness, I'd say that, by TV standards, they gave Mr. Rosenberg a wide berth. Typically, if someone speaks in academically-tinged terms for more than twenty seconds, producers begin to imagine remotes across the nation seeking other channels, and encourage, via the earpiece, the program host(s) to interject and add conflicting views/volume/emotion. While watching, I was rather surprised that they didn't interrupt sooner.
Every market sentiment disposition group will establish it's heroes and villains.
agreed, they did give him a wide berth for the rapid video-game speed TV now moves at
Agree here too. Because we have all seen the formula with so many of these other shows, it is not if they will interupt, but when. I too kept waiting for it and was surprised it wasn't sooner. Meanwhile, it is still irritating and the bit at the end where they circle jerk each other without Rosie at all [me: eyeroll]. Safe from contradiction. We can act big now!
so is that the caliber of viewer cnbc has?
If only CNBC would take a few notes from watching Bloomberg, and learn to let their guests speak. (Or at least them finish their though without interruption).
THIS IS CLASSIC CNBC.
They have really begun to lose quite a bit of credibility over the past several years. It is quite amazing to me that they allow themselves to destroy their reputations further with shows like Mad Money and Fast Money.
It is sad how CNBC has become more on a financial entertainment company, as opposed to a financial news company. Nobody cares what Fast Money hosts have to say. We care what their guests have to say. And their list of respectable guests these days is pretty thin. It's is a wonder to me why Rosie even bothers going on a show like FAST MONEY. Especially with those wackos hosting it. --It's the same question every day. Where is the market going tomorrow. A monkey could guess better than they could.
Your post needed editing from:
"CNBC has become more on a financial entertainment company"
to:
"CNBC has become a moron financial entertainment company"
All better. Don't you agree?
Jeff Macke sees Car People
On cocaine I believe
I often experience these kind of attitudes when I try an express truth in any arena, financial or otherwise. So I did an experiment. Funny thing, people are generally more inclined to believe a lie then they are the truth.
Beem me up Scotty..
Absolutely, I have the same issue; either they don't believe you or shun you for being too negative.
Is the whole world now a sham....are we all really in the matrix?
Is anyone here old enough to remember other deep recessions...was the blatant ignorance of reality this bad?
I had no idea that rocket scientists actually watched the program in question.
headline from msnbc:
NASA to start irradiating monkeys
Auto inventory is down. Auto inventory is down. Did you hear, auto inventory is down! Fuckin A! Auto industry is down.
What a fudgepacker.
Ummm - what was that? The auto industry is going to lead us into a future growth period? Hahahahahahaha.....
teh usa auto industry *is* a growth.
It was so cringeworthy I had to switch it off....no wonder their ratings are going down the can.
Rosenberg should complain about his treatment and refuse to go on again - what an embarrassment.
Those two douche bags are the reason why we need a deep depression.
I'm going to have to disagree with some of you. I think rosenberg was hogging too much of the mic and there wasn't enough give and take. I would have liked him to take a shot at the car inventory explanation. Of why it's just going to be so necessary for them to rebuild inventories when NO ONE IS BUYING.
you don't get it....they are inviting a guest on to explain his views again. it is only these pathetic guys on the panel that try to interupt and make it a boxing match. seymour has done this before but this is truly his worst
these guys on fast money were all DUMPING their positions yesterday. Today they were buying back into the lie ( like many sheeple money managers and traders) so They didn't want to hear any negative. They don't want to hear the truth- they want to break 1100 so they can sell higher for their clients. they are creeps
there is no fundamental reason to go higher at this point. this was a technical bounce only. The thing is I WAS buying longs yesterday while they panicked.
get this...look at the US DOLLAR today. if GDP # was so great why did they trash our dollar today? in reality the dollar should have skyrocketed and stocks tanked a 2nd day
but alas we have total annoying losers trading this market and turning on program trading
the market has no memory day to day...its the worst market i have ever seen. its insane
I know all that. I was just saying that conversations with that show have 2 ways to go. Either they dominate and comform or talk over the visitors or their visitors do the same to them. They never have any REAL exchanges. It's just pimp or whore style.
No, no, no, please don't say that it's the worst market you have ever seen and the market is insane. Haven't you heard, all here at ZH just whine about the market and are losing money by the millions. "Traders trade!" is the operative phrase. Otherwise, you are just not smart enough and are a loser short who want's the world to end and everybody to die.
By the way, Tripps, I remember your postings from earlier in the year and respect you for a few calls you had made. You were bullish when the situation merited. You were recommending people to not short financials before the 2nd quarter earnings release and how they are going to hit it out of the park. I am sure you were on the right side of that trade. So, there you have it folks, at least, there is one smart trader in the ZH forum who is not a "loser short who is on the ZH doom train and wants the world to end". Good for you Mr./Miss Tripps, may you always be on the right side of a trade.
Exactly, no inventory does not a bullish sector make. Tim take your 5th grade understanding of economics and go back to the Gay 90's in Minneapolis and get your old job back as a drag queen doing ABBA.
I love it when the camera pans to each clown and they all of the sudden get this "holy shit, I'm on TV" look on their face. They don't know what to do, so they just sit there nodding, looking dumb as ever.
I love watching this show with the sound muted on my TV. SNL would have a tough time beating the insanity.
And since when are pink shirts back in style? Only on a network no one watches, I guess.
I actually agree with Hephasteus, but there is one caveat that Rosenberg laid down that I think is an absolute truth.... right now there has never been a wider range of outcomes in our history than now. Shit is going to get thick next year.
Look at terranova resume - how did they let this guy out of the back office - he might be the dumbest sob on television normalized for news anchors.
Seymor = GS with a much lower IQ
Terranova = Gruntal with a much lower IQ
love the no doubt purposeful sound system they use in these interviews - sounds like your in a big cave in the studio, with just a hint of echo, which echo manges to drown out someone calling in on a fixed line - definitely tilts the ability to talk over someone in favour of those (mostly) jerks in the studio
David is a patient man to put up with such nonsense
but his message got over - looks like a nice dinner lays on the horizon
good luck
I cannot imagine a meal worth spending two hours in the presence of any those folks.
SHOULD BE CALLED SFC STUPID FUC*ING CHEERLEADERS
I haven't watch Reject Money since mr Ratigan moved. It is refreshing to see him on the other side of the fence now.
Where does the liquidity go?
If they believe the auto industry is doing so well, they should visit Detroit.
They are ringing the register as investors are being sent into the wash machine for the coins in their pockets - the volatility of inflation/deflation and information/disinformation & recovery/GDII sends the market back and forth (RoboTrader) CAPTURING ALL THE STOP LOSSES - THE HFT MACHINES EAT STOP LOSSES LIKE PAC MAN SO THEY CAN POCKET THE SPREAD BETWEEN QUOTE AND CLOSE OUT POSITION. THE VOLATILITY IS PLANNED AND WELCOMED. SIMPLY PUT, MARKET MAKERS ARE DRIVING MARKETS BACK AND FORTH, WITH NO COLLATERAL, "MAKING MARKETS" BY MAKING UP/DOWN BETS AGAINST INVESTORS. WITHOUT COLLATERAL THEY ARE ESSENTIALLY BOOKIES MAKING BETS, THEN MANIPULATING MARKETS TO PANIC MARKETS INTO PAYING OFF ON THEIR BETS - ON SECURITIES AND ON THE CREDIT DERIVATIVES. READ IT AGAIN! THEY ARE CAUSING VOLATILITY ON PURPOSE TO EAT STOPS AND POCKET SPREADS.
________
This is nothing new, except that computer algos have replaced the slower, less-efficient, human specialist.
I wanted to say something hip and flip. Can't. This is just the truth. Excellent summation.
Love it. Your are RIGHT on the money, thank Goodness not EVERYONE is a moron. I oh so very close to begging to get beamed up. You rock. If you have a blog or something email me the info. yipcarl@aol.com
Ryan
Those CNBC guys have practiced smugness.
The only things fast about The Fast Money team is the fast moving mouths of the idiots. I stopped watching them a long time ago as their noise gave me a headache.
The guy to the left is a total douche bag...want to punch him in the face...
Careful there. What could come out of a douche bag if you punch it? Just sayin'. Like your avatar.
What a pair of galloping gonads. If I was Rosenberg, I'd go to dinner myself and mail those idiots an invoice.
I can listen to Finerman who seems to actually think before she speaks and, miraculously, she can admit when she's wrong. Why are the rest of them screaming all the time?
That Seymour guy is the worst, he doesn't know his head from his ass. The show is a confidencebuilder, really.
The host is completely incompetent and the show is pretty bad. Even so, I have to say, "powerlunch" makes this show look like a lecture with Soros.
I'd like to see any clip or footage of any of these monkeys predicting the crash from 07-09. They didn't see the first dip coming so they're supposed to see the second one?
Dear CNBC,
Do you realize you're all ignorant, annoying assholes? No, probably not, if your viewership is down 50%. Best of luck in the unemployment line.
I recall a 3.5 gdp number from the bush stimulus also. it dropped when the stimulus went way.
I just bought some GE. it is below the Jan highs, well below lehman, and still below the 2003 low. it just traded at the may high point. this agreess with treasuries, and on a technical level is where I think the market should be.
these people just like to talk. there's nothing worse than people who talk over their guests. why is it so hard to stop being an arrogant ass and let your guests finish a sentence. these ass clowns need to be sent walking. the term jerk comes to mind.
promoting the idea that this govt. funded circus called the US economy is now suddenly sustainable in the midst of high unemployment and reluctant consumerism is absurd. All this GDP number represents is what we paid for with tax payer dollars. once it becomes blatantly clear that the Fed has to extracate itself from being the liquidity pump we're going to get a rude awakening. the govt. can't support the US economy forever.
"these people just like to talk. there's nothing worse than people who talk over their guests. why is it so hard to stop being an arrogant ass and let your guests finish a sentence"
_______
Because they're told in broadcasting school to always maintain control of the show, so, they do so to an absurd extent.
The tension is due to the two different Wall Street cultures at play here. This tension is usually mitigated by the fact that the interviewed economist is "on their side of the trade" or "respected enough" to not be talked down. In that context, an interruptive statement is more of a pat on the back for the interviewee, as in "keep going buddy, yeah I agree oil's gonna do well here too". What-the-fuck's his name with the beard gets along with this gang better: he goes on as much as Rosie but he's fast money and product-specific, so that's fine with "da boys".
Rosenberg has developed a thesis that is nuanced enough to take more than twenty seconds to communicate. The Fast Money gang wants to know if natty or ArcelorMittal, based on the interviewee's comments, will be up two days from now. What kind of a fucking conversation do you expect between them?
Every time you post a clip from CNBC (I did see this live) I just think less and less of it. A few years ago, I would watch Cramer on occasion (I actually believed he was a relatively straight shooter; then I saw him talk about his hedge fund games on YouTube; I realized I'd been played by a fairly elaborate, "aw shucks"-style player [oops, did I give Cramer too much credit for your liking?]). You converted me!
The smirks on those faces kind of irritate me. Nothing that a good old fashioned triple bitch slapping can't cure.
Wow.
i would kill myself before going to dinner with that asshat
Powerlunch. That lamest show in America.
apocalypse now had the post of the week, all should go read it over and over and over
It won't be long before those CNBC guys just slap their testicles on the desk, they have no argument or anything else of substantial original thought to put forward.
WTF happened to CNBC , cant watch it anymore , why does Rosenberg wast his time with these morons . Here is another example of why traditional print and tv are going down the toilet , the viewers are voting with there feet and just leaving .
Today's market action indicates that Rosenberg had a good point and he may end up winning the dinner bet. Time will tell.
time123
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Do those super mario bros on ties work for GS?
CNBC idiots showing off a lot of arrogance. They were disrespectful to their own guest.
I just hope someone from CNBC or better yet GE watched that show Thursday and reads all the blogs out there about what happened. i stopped regularly watching fast money when ratigan left, i'll stop completely now. please CNBC - take this show off the air. it's a total waste of time now, and i'm embarrased that i share the same profession as those guys (adami and najarian aside). the only reason to watch fast money had been the guests, but because of episodes like thursday, you won't get guys like rosie or schiff on the show anymore. does anyone have email addresses for seymour, terranova, or lee??