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Anyone Who Still Listens To Dick Bove Should Look At These Two Charts

Tyler Durden's picture





 

We like Dick X Bove. He is a funny guy. After all, who doesn't like Dick appearing every day on CNBC. Yet comedic value is all one should hope to extract out of Dick. The problem is that anyone who has listened to Dick over the past 5 years, is most certainly bankrupt, in some cases twice over. While we will ignore his Buy upgrade on Lehman days before the bankruptcy, below we have shown two simple charts ever since his move from Ladenburg (which he left for obvious reasons in the Lehman aftermath), to Rochdale. The first chart shows the price of Bank of America, together with Dick's buy recos (green) and his price target. The second chart shows how Dick has performed compared not to the market, but to his peer group! In other words, while he has been massively wrong on stock calls, one would think he may at least be in line with his permabullish cheerleaders. No. In fact, he has underperformed his peer universe by 25% in the past two years. As for anyone who has listened to his Buy reco on Bank of America... well, do the math.

Dick and BAC:

Dick's Universe:

 


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Fri, 11/18/2011 - 12:10 | Link to Comment rambler6421
rambler6421's picture

Yes.  I wrote about how insane Bove is last night.  He said that U.S. banks would be great if we had a EuroZone crash.  I don't know why CNBC still brings on this fool.

 

libertarian86.blogspot.com

Fri, 11/18/2011 - 12:21 | Link to Comment nope-1004
nope-1004's picture

This must be a riddle.  Ok, I give up.

Who listens to Dick Bove?

LOL

 

Fri, 11/18/2011 - 12:23 | Link to Comment BaBaBouy
BaBaBouy's picture

Dick Is A Sacks Man.

Fri, 11/18/2011 - 12:25 | Link to Comment Don Birnam
Don Birnam's picture

Of course, the trading day after Bove throws in the towel and flips to "sell," BAC will announce that they are being acquired at a handsome premium.

 

Fri, 11/18/2011 - 12:31 | Link to Comment BandGap
BandGap's picture

He has Gold man-sacks?

Fri, 11/18/2011 - 12:43 | Link to Comment eureka
eureka's picture

Bove, Biggs, Birinyi...

Bloomberg, Bernanke...

never ever listen to anyone who's name begins with B...

Fri, 11/18/2011 - 13:21 | Link to Comment Lets Hang Parliament
Lets Hang Parliament's picture

Kyle Bass?

Fri, 11/18/2011 - 12:25 | Link to Comment Pladizow
Pladizow's picture

Tyler - Can you show the same for the other 2 stooges: Kass and Gartman?

Fri, 11/18/2011 - 12:22 | Link to Comment BaBaBouy
BaBaBouy's picture

.

Fri, 11/18/2011 - 12:38 | Link to Comment disabledvet
disabledvet's picture

"Says more about CNBC than it does about dick."

Fri, 11/18/2011 - 17:10 | Link to Comment StychoKiller
StychoKiller's picture

TV personalities make goldfish look like Einsteins!

Fri, 11/18/2011 - 12:53 | Link to Comment SmoothCoolSmoke
SmoothCoolSmoke's picture

Europe Crash = Good for USA!    This has become the latest in a long list of Kudlow perma-bull "mantras" (Goldilocks, Le Tarp, Animal Spirits, Green shoots, blah-ba-blah-bablah). 

Kulow should be arrested. 

Fri, 11/18/2011 - 19:23 | Link to Comment Town Crier
Town Crier's picture

Larry Kudlow is so likable and so well spoken and sounds so smart and so on top of things and so well informed, and he is ALMOST ALWAYS wrong.

Fri, 11/18/2011 - 13:58 | Link to Comment Chuck Walla
Chuck Walla's picture

Why not Bove? They still got Jimmy "your money is safe in Bear" Cramer.  Think of them as a set.

Fri, 11/18/2011 - 17:27 | Link to Comment SnobGobbler
SnobGobbler's picture

frontrunning via their cable networks, old..old trick.

Fri, 11/18/2011 - 22:37 | Link to Comment halfacanuck
halfacanuck's picture

Is it because you're so wise that you're too expensive?

Fri, 11/18/2011 - 12:11 | Link to Comment JSD
JSD's picture

News flash; Dick does not listen to Dick.

Fri, 11/18/2011 - 12:11 | Link to Comment kato
kato's picture

why does CNBC have him on? why does anyone listen to CNBC america?

Fri, 11/18/2011 - 12:15 | Link to Comment K_I_T_T_Y
K_I_T_T_Y's picture

maybe he pays CNBC to appear?

Fri, 11/18/2011 - 12:41 | Link to Comment disabledvet
disabledvet's picture

"what? Who said that!"

Fri, 11/18/2011 - 12:20 | Link to Comment scatterbrains
scatterbrains's picture

That's like asking why does the fisherman keep casting his spinner..   You know there are more suckers out there somewhere.

Fri, 11/18/2011 - 12:50 | Link to Comment dwdollar
dwdollar's picture

LOL... yup.

Any casino also demonstrates that. However... there is one problem. Sometimes the pond is "fished out". There will be a day when SS no longer gets sent to the gambling addicts and dumbest money runs low for equities.

Fri, 11/18/2011 - 12:12 | Link to Comment Dr. Engali
Dr. Engali's picture

If you liked it at 14 you will love it at 5.80. More shares for your money.

Fri, 11/18/2011 - 12:13 | Link to Comment WonderDawg
WonderDawg's picture

Thanks, I feel MUCH better about my Citi puts now. And that's not sarcasm.

Fri, 11/18/2011 - 12:13 | Link to Comment prains
prains's picture

how much blood can one screen take?

Fri, 11/18/2011 - 12:14 | Link to Comment slaughterer
slaughterer's picture

Bove is used to mobilize retail bulls for the banks to sell into.   This is a well-known syndicate collusion.  

Fri, 11/18/2011 - 12:15 | Link to Comment bania
bania's picture

Dick is the master of dollar cost averaging.

Fri, 11/18/2011 - 12:15 | Link to Comment azzhatter
azzhatter's picture

If CNBC had credibility they wouldn't allow him on but this is the station of Cramer ! Cramer gets a lot of adoring phone calls on his show- maybe their from Roachdale

Fri, 11/18/2011 - 12:16 | Link to Comment SHEEPFUKKER
SHEEPFUKKER's picture

See Dick talk

See Dick lie

See Dick cry

Don't be a Dick

Fri, 11/18/2011 - 12:16 | Link to Comment Aunty Christ
Aunty Christ's picture

Bove doesn't know dick

Fri, 11/18/2011 - 12:18 | Link to Comment slaughterer
slaughterer's picture

janjuah, dick charts, ESFS "kick out" clause... Tyler is pumping the articles out today.  Bravo.  

Fri, 11/18/2011 - 12:18 | Link to Comment Ostapuk Ivano
Ostapuk Ivano's picture

I remember this from when I first started reading ZH.

Tyler Durden said...
I love Dick, you love Dick, we all love Dick.

My point was not to claim Bove was right or wrong, but merely how impossible it is to call what the government will do regarding the bankruptcy of major firms (see how gov't has flip flopped in the N-word post). Anyone who claims they can predict what the government may or may not do is likely a fool.
February 22, 2009 1:52 PM

Fri, 11/18/2011 - 12:26 | Link to Comment SheepDog-One
SheepDog-One's picture

No worries, the Gubment got this handled...did you know today clowngress is in emergency session to discuss....the banking collapse? No. The economic disaster? No. Oil at $100, out of control unemployment or bankruptcies? No.

Theyre meeting to discuss whether pizza is a vegetable. Thats no lie, fact.

Out Of Control Congress Deems Pizza A Vegetable ! - YouTube

Fri, 11/18/2011 - 12:27 | Link to Comment WonderDawg
WonderDawg's picture

Saw something about that on Jon Stewart last night. Our government is a joke, and the sad thing is, the joke is on us.

Fri, 11/18/2011 - 22:47 | Link to Comment halfacanuck
halfacanuck's picture

Dude! Think! You can't hold the Tylers, or their minions, responsible for their predictions! You can't expect world-famous bloggers to be accountable for their previous statements! Do you want the entire hastily constructed artifice of the-Tylers-as-valuable-commentators-on-world-events to collapse in disarray?! I thought not. Straighten up.

Fri, 11/18/2011 - 12:19 | Link to Comment AngryGerman
AngryGerman's picture

haha, he said dick!

dick handler was even better.

let's just call all of them dicks dick

(see what i did there?)

Fri, 11/18/2011 - 12:19 | Link to Comment SheepDog-One
SheepDog-One's picture

Not surprising CNBC would regularly have on a sheep herder like Dick Bove to herd retail where his banker buddies want them. Look at CNBC's evening lineup for their true nature, with shows running about drug markets, prostitution, porn industry, etc. Thats who they really are.

Fri, 11/18/2011 - 12:20 | Link to Comment RickyBobby
RickyBobby's picture

I saw him on Bloomberg yesterday. His introduction was that he was an analyst that had outperformed his peers. Wow.

Fri, 11/18/2011 - 22:51 | Link to Comment halfacanuck
halfacanuck's picture

Come back in 30 years and see if we can say the same about you.

Fri, 11/18/2011 - 12:25 | Link to Comment Problem Is
Problem Is's picture

It's "Dick" Bove for a reason...

Fri, 11/18/2011 - 12:25 | Link to Comment Bunga Bunga
Bunga Bunga's picture

Banks were getting stronger, stronger and stronger when the stocks crashed in August/September, because all are selling and so much money would be generated. What a stupid brainwash. Looks like the system is close to stack overflow.

 

http://www.bloomberg.com/news/2011-09-22/bove-says-u-s-banks-are-getting...

Fri, 11/18/2011 - 12:28 | Link to Comment c'mon man
c'mon man's picture

Kaminsky just brought up the "other point of view" referencing a couple of paragraphs from the BCM letter that was 'floating around' last night.....looks like he was one of the 56,000 + reads....no mention of ZH or Ann Barnhardt...

Fri, 11/18/2011 - 12:44 | Link to Comment disabledvet
disabledvet's picture

Who's Ann Barnhardt?

Fri, 11/18/2011 - 12:28 | Link to Comment Seasmoke
Seasmoke's picture

amazing, someone hasnt shattered his jaw or sliced his tongue out , so he can never speak again........seriously

Fri, 11/18/2011 - 12:29 | Link to Comment NotApplicable
NotApplicable's picture

You know, I really didn't need to think about "Dick extract."

"Dick X" though, well, that's got some branding power.

Fri, 11/18/2011 - 12:34 | Link to Comment Seasmoke
Seasmoke's picture

ok so, Dick Bove and Dick Handler walk into a bar..........

Fri, 11/18/2011 - 12:31 | Link to Comment algol_dog
algol_dog's picture

Will never forget when he got on CNBC in '08 as citi had fallin to the low 30's. He called it a screaming buy and we proceeded to watch it the following months reach exactly $1.

Fri, 11/18/2011 - 12:31 | Link to Comment HD
HD's picture

Hey Cramer has to get his advice from someone...

Fri, 11/18/2011 - 12:32 | Link to Comment SilverIsKing
SilverIsKing's picture

You lost me at "We like Dick"

Fri, 11/18/2011 - 12:35 | Link to Comment Stack Trace
Stack Trace's picture

Dick Bove has to be one of the most hated guys in the universe by now. Think of all those sheeple that are broke now after following his advice. Or perhaps they are so dense they think it was just "bad luck".

Fri, 11/18/2011 - 12:46 | Link to Comment NotApplicable
NotApplicable's picture

But, nobody could've forseen...

Fri, 11/18/2011 - 12:36 | Link to Comment FMR Bankster
FMR Bankster's picture

As Dick said in early august, "I'm 100% cash right now." In other words, these recommendations are just for the general retail investor mopes.

Fri, 11/18/2011 - 12:37 | Link to Comment traditionalfunds
traditionalfunds's picture

Thanks for his tel# & email! ZH value added.

Fri, 11/18/2011 - 12:38 | Link to Comment Quincy
Quincy's picture

Remember it's "Bo - ve" with the accent on the terminal "e"! What a pretentious twat. He makes the other sell-side cheerleaders look respectable!

Fri, 11/18/2011 - 12:40 | Link to Comment Randall Cabot
Randall Cabot's picture

Thank you ZH for keeping tabs on these sacks of shit, thank you very much!!!

Fri, 11/18/2011 - 12:44 | Link to Comment vegas
vegas's picture

moron = bank analyst who keeps recommending shit to clients but expects a different result [i.e. profits].

 

http://vegasxau.blogspot.com

Fri, 11/18/2011 - 12:44 | Link to Comment slaughterer
slaughterer's picture

Dick Bove: why not just have movie stars make the calls on CNBC:

Gwyneth Paltrow says buy Williams and Sonoma

Mel Gibson says buy GLD ETF

George Clooney says buy GMCR

etc etc etc.

 

Fri, 11/18/2011 - 12:52 | Link to Comment Kilgore Trout
Kilgore Trout's picture

It's traditional to precede Bove's name with something like "renowned bank analyst", or "legendary ...", or maybe "celebrated ...". Don't you ever watch Kudlow?

Fri, 11/18/2011 - 12:56 | Link to Comment YesWeKahn
YesWeKahn's picture

You want to extract something from a Dick?

Fri, 11/18/2011 - 12:57 | Link to Comment Eireann go Brach
Eireann go Brach's picture

No wonder his mother called him "Dick Head" when he was younger!

Fri, 11/18/2011 - 12:57 | Link to Comment HotelsRomania
HotelsRomania's picture

If you sold from May to August when it was between 130 to 150 as he advised and bought it now, you would probably be making money with the seasoned breeze money bag. Bucharest-hotels

Fri, 11/18/2011 - 13:00 | Link to Comment Bam_Man
Bam_Man's picture

I'm just patiently waiting for the next "generational buying opportunity".

Fri, 11/18/2011 - 13:00 | Link to Comment Bam_Man
Bam_Man's picture

I'm just patiently waiting for the next "generational buying opportunity".

Fri, 11/18/2011 - 13:01 | Link to Comment WTF2
WTF2's picture

Roachdale deserves Dick.

Fri, 11/18/2011 - 13:11 | Link to Comment yogibear
yogibear's picture

His first nickname fits what you get if you listen to him. And he's a big one. Surprised anyone would even have him on the air.

A monkey throwing darts at a buy and sell posters would make better calls. Hint, hint CNBC...want to take your program to a new circus level?  The monkeys work cheap too, more profits for the parent company.

CNBC has their long list of sheep herders at a moment's call. 

Fri, 11/18/2011 - 13:49 | Link to Comment the not so migh...
the not so mighty maximiza's picture

hahahahah " The Monkey hot picks hour!""""""""

 

Fri, 11/18/2011 - 13:13 | Link to Comment digalert
digalert's picture

I heard Cock Bove' say today:

"while I can't personally buy any of these stocks, I recommend everyone (else) should buy here"

What a fukn maroon

 

Fri, 11/18/2011 - 13:16 | Link to Comment NumberNone
NumberNone's picture

Never gets old.  CNBC keeps giving that loser airtime and credibility...ZH reminds everyone what a POS he is. 

 

 

Fri, 11/18/2011 - 13:33 | Link to Comment NervousRex
NervousRex's picture

And he's 50% cash is Dick.

 

Fri, 11/18/2011 - 14:19 | Link to Comment Sequitur
Sequitur's picture

Tylers thanks for this post. I cannot fucking stand Bove. If a world-ending meteor were hurtling towards earth Bove would call it a bullish signal for banks.

Fri, 11/18/2011 - 14:45 | Link to Comment Thomas.2012
Thomas.2012's picture

Hmm, give Dicky a break !

It´s a perfect example for perfectly averaging down a perfect valuable company to achieve massive gains in the hmm near? future ;-) lol

Fri, 11/18/2011 - 22:35 | Link to Comment halfacanuck
halfacanuck's picture

Almighty Tylers! Pity poor Dick, for Dick is human!

Looking forward to y'all posting a complete breakdown of your profits and losses for the year, Tylers. Every year since you started. Bet you've done just super. Otherwise, how do we know you're credible? Because you say so?

Fri, 11/18/2011 - 23:13 | Link to Comment mbtshoe
mbtshoe's picture

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