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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 | 1891371 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.

Fri, 11/18/2011 - 12:21 | 1891431 nope-1004
nope-1004's picture

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

Who listens to Dick Bove?



Fri, 11/18/2011 - 12:23 | 1891440 BaBaBouy
BaBaBouy's picture

Dick Is A Sacks Man.

Fri, 11/18/2011 - 12:25 | 1891450 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 | 1891470 BandGap
BandGap's picture

He has Gold man-sacks?

Fri, 11/18/2011 - 12:43 | 1891502 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 | 1891635 Lets Hang Parliament
Lets Hang Parliament's picture

Kyle Bass?

Fri, 11/18/2011 - 12:25 | 1891449 Pladizow
Pladizow's picture

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

Fri, 11/18/2011 - 12:22 | 1891434 BaBaBouy
BaBaBouy's picture


Fri, 11/18/2011 - 12:38 | 1891486 disabledvet
disabledvet's picture

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

Fri, 11/18/2011 - 17:10 | 1892505 StychoKiller
StychoKiller's picture

TV personalities make goldfish look like Einsteins!

Fri, 11/18/2011 - 12:53 | 1891532 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 | 1892890 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 | 1891736 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 | 1892575 SnobGobbler
SnobGobbler's picture

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

Fri, 11/18/2011 - 22:37 | 1893312 halfacanuck
halfacanuck's picture

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

Fri, 11/18/2011 - 12:11 | 1891376 JSD
JSD's picture

News flash; Dick does not listen to Dick.

Fri, 11/18/2011 - 12:11 | 1891377 kato
kato's picture

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

Fri, 11/18/2011 - 12:15 | 1891406 K_I_T_T_Y
K_I_T_T_Y's picture

maybe he pays CNBC to appear?

Fri, 11/18/2011 - 12:41 | 1891494 disabledvet
disabledvet's picture

"what? Who said that!"

Fri, 11/18/2011 - 12:20 | 1891430 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 | 1891501 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 | 1891381 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 | 1891386 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 | 1891392 prains
prains's picture

how much blood can one screen take?

Fri, 11/18/2011 - 12:14 | 1891399 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 | 1891402 bania
bania's picture

Dick is the master of dollar cost averaging.

Fri, 11/18/2011 - 12:15 | 1891407 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 | 1891408 SHEEPFUKKER

See Dick talk

See Dick lie

See Dick cry

Don't be a Dick

Fri, 11/18/2011 - 12:16 | 1891411 Aunty Christ
Aunty Christ's picture

Bove doesn't know dick

Fri, 11/18/2011 - 12:18 | 1891415 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 | 1891416 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 | 1891437 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 | 1891455 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 | 1893328 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 | 1891418 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 | 1891423 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 | 1891425 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 | 1893337 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 | 1891443 Problem Is
Problem Is's picture

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

Fri, 11/18/2011 - 12:25 | 1891451 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.

Fri, 11/18/2011 - 12:28 | 1891457 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 + mention of ZH or Ann Barnhardt...

Fri, 11/18/2011 - 12:44 | 1891506 disabledvet
disabledvet's picture

Who's Ann Barnhardt?

Fri, 11/18/2011 - 12:28 | 1891458 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 | 1891460 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 | 1891464 Seasmoke
Seasmoke's picture

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

Fri, 11/18/2011 - 12:31 | 1891467 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 | 1891469 HD
HD's picture

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

Fri, 11/18/2011 - 12:32 | 1891474 SilverIsKing
SilverIsKing's picture

You lost me at "We like Dick"

Fri, 11/18/2011 - 12:35 | 1891478 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 | 1891512 NotApplicable
NotApplicable's picture

But, nobody could've forseen...

Fri, 11/18/2011 - 12:36 | 1891481 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 | 1891483 traditionalfunds
traditionalfunds's picture

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

Fri, 11/18/2011 - 12:38 | 1891484 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 | 1891492 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 | 1891505 vegas
vegas's picture

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

Fri, 11/18/2011 - 12:44 | 1891507 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 | 1891527 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 | 1891543 YesWeKahn
YesWeKahn's picture

You want to extract something from a Dick?

Fri, 11/18/2011 - 12:57 | 1891547 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 | 1891549 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 | 1891563 Bam_Man
Bam_Man's picture

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

Fri, 11/18/2011 - 13:00 | 1891564 Bam_Man
Bam_Man's picture

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

Fri, 11/18/2011 - 13:01 | 1891566 WTF2
WTF2's picture

Roachdale deserves Dick.

Fri, 11/18/2011 - 13:11 | 1891601 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 | 1891706 the not so migh...
the not so mighty maximiza's picture

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


Fri, 11/18/2011 - 13:13 | 1891607 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 | 1891618 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 | 1891669 NervousRex
NervousRex's picture

And he's 50% cash is Dick.


Fri, 11/18/2011 - 14:19 | 1891783 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 | 1891840 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 | 1893305 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 | 1893374 mbtshoe
mbtshoe's picture

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