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Anyone Who Still Listens To Dick Bove Should Look At These Two Charts
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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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
This must be a riddle. Ok, I give up.
Who listens to Dick Bove?
LOL
Dick Is A Sacks Man.
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.
He has Gold man-sacks?
Bove, Biggs, Birinyi...
Bloomberg, Bernanke...
never ever listen to anyone who's name begins with B...
Kyle Bass?
Tyler - Can you show the same for the other 2 stooges: Kass and Gartman?
.
"Says more about CNBC than it does about dick."
TV personalities make goldfish look like Einsteins!
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.
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.
Why not Bove? They still got Jimmy "your money is safe in Bear" Cramer. Think of them as a set.
frontrunning via their cable networks, old..old trick.
Is it because you're so wise that you're too expensive?
News flash; Dick does not listen to Dick.
why does CNBC have him on? why does anyone listen to CNBC america?
maybe he pays CNBC to appear?
"what? Who said that!"
That's like asking why does the fisherman keep casting his spinner.. You know there are more suckers out there somewhere.
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.
If you liked it at 14 you will love it at 5.80. More shares for your money.
Thanks, I feel MUCH better about my Citi puts now. And that's not sarcasm.
how much blood can one screen take?
Bove is used to mobilize retail bulls for the banks to sell into. This is a well-known syndicate collusion.
Dick is the master of dollar cost averaging.
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
See Dick talk
See Dick lie
See Dick cry
Don't be a Dick
Bove doesn't know dick
janjuah, dick charts, ESFS "kick out" clause... Tyler is pumping the articles out today. Bravo.
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
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
Saw something about that on Jon Stewart last night. Our government is a joke, and the sad thing is, the joke is on us.
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.
haha, he said dick!
dick handler was even better.
let's just call all of them dicks dick
(see what i did there?)
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.
I saw him on Bloomberg yesterday. His introduction was that he was an analyst that had outperformed his peers. Wow.
Come back in 30 years and see if we can say the same about you.
It's "Dick" Bove for a reason...
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...
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...
Who's Ann Barnhardt?
amazing, someone hasnt shattered his jaw or sliced his tongue out , so he can never speak again........seriously
You know, I really didn't need to think about "Dick extract."
"Dick X" though, well, that's got some branding power.
ok so, Dick Bove and Dick Handler walk into a bar..........
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.
Hey Cramer has to get his advice from someone...
You lost me at "We like Dick"
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".
But, nobody could've forseen...
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.
Thanks for his tel# & email! ZH value added.
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!
Thank you ZH for keeping tabs on these sacks of shit, thank you very much!!!
moron = bank analyst who keeps recommending shit to clients but expects a different result [i.e. profits].
http://vegasxau.blogspot.com
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.
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?
You want to extract something from a Dick?
No wonder his mother called him "Dick Head" when he was younger!
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
I'm just patiently waiting for the next "generational buying opportunity".
I'm just patiently waiting for the next "generational buying opportunity".
Roachdale deserves Dick.
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.
hahahahah " The Monkey hot picks hour!""""""""
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
Never gets old. CNBC keeps giving that loser airtime and credibility...ZH reminds everyone what a POS he is.
And he's 50% cash is Dick.
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.
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
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?
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