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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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.

nope-1004's picture

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

Who listens to Dick Bove?



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.


eureka's picture

Bove, Biggs, Birinyi...

Bloomberg, Bernanke...

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

Pladizow's picture

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

disabledvet's picture

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

StychoKiller's picture

TV personalities make goldfish look like Einsteins!

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. 

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.

Chuck Walla's picture

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

SnobGobbler's picture

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

halfacanuck's picture

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

JSD's picture

News flash; Dick does not listen to Dick.

kato's picture

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

K_I_T_T_Y's picture

maybe he pays CNBC to appear?

scatterbrains's picture

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

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.

Dr. Engali's picture

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

WonderDawg's picture

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

prains's picture

how much blood can one screen take?

slaughterer's picture

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

bania's picture

Dick is the master of dollar cost averaging.

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


See Dick talk

See Dick lie

See Dick cry

Don't be a Dick

Aunty Christ's picture

Bove doesn't know dick

slaughterer's picture

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

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

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

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.

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.

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?)

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.

RickyBobby's picture

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

halfacanuck's picture

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

Problem Is's picture

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

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.

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...

Seasmoke's picture

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

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.

Seasmoke's picture

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

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.

HD's picture

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

SilverIsKing's picture

You lost me at "We like Dick"

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".