Best Santelli Rant in a while..
- Thread starter Tsing Tao
- Start date
Yes, indeed... As I have been saying all along (I think), I am just expressing my personal preferences. You may choose to disagree (as you and Maverick have) and we can have a discussion (as we had), at the end of which we have agreed that our respective preferences are as they are. I don't know about you, but I have also learned something in the process and clarified my own thinking about some things. So it has been useful, which pleases me.
I would love to be proven wrong about Rick. Until I am, I have to base my preferences on the information that is available. And so I do.
And yes, my views and preferences I have described are in no way limited to Rick. Financial media is full of people who are mostly good at talking and very little else. But that's just a sad fact of life more broadly, innit?
EDIT: Now that is disappointing, TT. I have gone to great lengths to explain EXACTLY why I don't like to watch Rick. So I daresay it was a wee bit more than just me stating that I don't like watching Rick.
Martin, I apologize if I came off a little pissy (not in the English sense, but the American one) with you. Your opinions are your own and no one has any right to tell you otherwise.
I do, however, get a little testy when defenders of the Fed rise up and say what a good thing continued QE is, etc., oblivious to the harm that is being inflicted on the average American (or in a more macro sense, the average citizen of the world).
Right, do you want me to respond to this, TT?
It's an entirely different discussion, obviously. Well, maybe not entirely, as it has something to do with one of my earlier post, directed at Maverick, where I asked a question. I fear it might have been left behind.
Martin, old chap, I would not limit that just to financial media but ALL media. You are not a very good salesmen Martin (probably a good thing). You have not convinced me of anything. LOL.
BTW, here is the blurb about Dr. J and the joys of live TV:
Doc says âpussiesâ on air
Jon Najarian is occasionally (snicker) prone to the Brag Trade. Apparently not satisfied with just that, Najarian on Thursday's Fast Money introduced a colorful term we haven't heard on the show.
Najarian said he likes gold miners but in particular liked the GLD at 114.68 in late June.
"That was a gift ... from all the folks that didn't have the stomach to hold that particular ETF ... now it's 10 points higher," Najarian said, also pointing to the AGQ.
"I think gold has just gotten back to fair value," he continued, defining "fair value" for Tim Seymour as the price you get when the "weak hands" have been washed out, weak hands which Najarian was happy to buy from, "because they're quite frankly pussies ... those are the guys that I feast on."
Anyone who sold GLD the last week of June, you've been called out.
Tim Seymour stressed that coal and ore prices have been up. Jon Najarian said energy, CAT and JOY have all surged. But guest host Brian Sullivan said it looked to him like short covering in the stocks.
Guy Adami suggested LL as a better trade now than the homebuilders, in part because of "monster short interest."
So be it, Maverick. Or as the French say it, such is c'est la vie. Like I told TT, our discussion was useful for me and that's good enough in my book.
As to the joys of live TV, anyone who frames the discussion of risk using terms like "pussy" etc is just a waste of time.
My defense of QE? Where on Earth did you get the idea that I am a fan of QE (specifically, QE3) and/or eager to defend it?