CNBC's "Fast Money" - horrid stock advice

Quote from DeepFried:

Have you been watching the same show? :p Well, you seem to be a glass half full kind of guy, in this case. :) Speaking to your points -

1 - Adami said the market was going lower no matter what the Fed did but especially if the Fed cut rates by 50 basis points. Sorry, but that's a horrible call. Cramer was saying the same thing. And no one on the FM panel was saying Guy was wrong. They just shut up which is some weak sauce.

2 - Karen did NOT want to buy GS before earnings and everyone but Najarian were scared of the financials. Najarian was, to his great credit, pounding the table to buy GS before earnings. Then, the day of earnings, Najarian and Adami both said sell it. Again, it's up 15% in the short time since.

3 - Oh, come on! The last time Macke mentioned AMZN he specifically said "buy puts." He hasn't said anything about it lately (not surprising) but he's recommended shorting it several times.

Re RIMM, I don't remember what they said about it two weeks ago, but early this week they were saying it's not likely to pop to the upside and they recommended buying puts.

The people are likable and they appear to have had a lot of success in their field but they are dead wrong frequently. I like the people on the show. It's nothing personal. I just wish they would tighten up their market blather.

Bolling was the best of the bunch. He talked in terms of "if this happens, I think that will happen" which is smart and great discussion. He didn't just yell into the camera that XYZ stock is a pig and you should short it. His replacement Najarian is the best of the group now, IMHO.

Also, yelling into the camera, no matter how loudly, does not enhance the validity of their calls, LOL.

Of course, nobody gets it right all the time and the show does have some good information but, sheesh, you could have faded nearly everything they've said for the last month and made a killing.
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Some good points... They <font size=5><b>ARE</b></font> too loud sometimes... and the pancake makeup is over the top... :D

i just don't want CNBC to put on news shows - no more news... i think these analytical shows, whatever their weaknesses, are very interesting.... to see how other traders think... right or wrong...

thanks...

<img src="http://www.enflow.com/p.gif">
 
The bad calls of the Fast Money crew are occasionally discussed but 90% are never mentioned.

Dylan has mentioned several times that Adami has been "right on the money" when it comes to homebuilders but that couldn't be further from the truth. Adami recently made a nice call on KBH and of course we got to hear all about it. However he also recently recommended PHM for a trade after it had already made a huge move (underwater and never mentioned), in January/February said to buy TOL because homebuilders had bottomed, and last year said to buy PHM because homebuilders had bottomed.

Najarian claimed to have GS puts when it was trading around 175. A week or so later the low of the day was around 193 and he claimed to have gotten out of his puts that day on a dip. Fast forward a little over a week and GS is trading around 213 and he said he had been right about GS all along and made 26 points on his long trade. I wonder how he did on the Wonderlic.

Macke seems like a sharp guy, and appears to have a solid grasp of the macro environment, but his calls have been less than stellar. The fact that he started a hedge fund at age 29 and is no longer running it tells you all you need to know.

Finerman is definitely the weakest and should not even be on the show. Go buy some more HD.

The options chick from Susquehanna is sharp and I have been impressed by the little I have seen of Seymour. I wish they were regulars.
 
Quote from GSH1976:

The options chick from Susquehanna is sharp and I have been impressed by the little I have seen of Seymour. I wish they were regulars. [/B]
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finerman is the worst
i mute her
all she does is pump her stocks and never says anything else of use

either of those 2 would be a far better fulltime replacement
 
Quote from DeepFried:

That explains your appearance. :D
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Yes, I was pointing out ur a loser :) Keep following TV calls elite trader AND THEN WHINE ABOUT IT.

I cant stop laughing. Not with you, at you.

Don't forget FOX BUSINESS CHANNEL tommorow for your trading plan for next week!

:D
 
So many complain yet so many watch. Methadone pretty.


Quote from DeepFried:

The number of s&^t calls these people make is incredible. I like shows about stocks and trading and the panelists on "Fast Money" appear to be accomplished people but, jesus h. criminy, they make some of the worst calls I've ever heard.

Before the Fed's recent rate cut, they were all saying the market will sell off no matter what the Fed does. As you know, the market went straight up that day and the day after.

Goldman earnings - Goldman announces and the panelists say sell Goldman. That was about a week and a half ago and the stock's up 15% since then.

RIMM - Buy puts before earnings, says the panel. RIMM's up 13 bucks today.

AMZN - Jeff Macke - a witty, funny guy - has been saying "short AMZN" since it was at 40. It's now at 93.

How the hell do these people stay liquid let alone stay on a tv show about the market? If they actually traded their calls they'd be living under a bridge somewhere.
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I worked with Radigan back in the day. He's great.

All I can remember is Mache and he pal saying everyday after the Fed cut to buy the DOG..... short the down and on many, many shows after.. this call was terrible.
Crammer is a moron.
I watch everyone now to see whats up..
That its...
 
FAST MONEY IS BASICALLY A SHOW ABOUT A BUNCH OF GUYS WHO LOVE TO HEAR THEMSELVES TALK.
the show certianly does not make anyone money. the only way to make money off these types of shows(especially cramer's) is to short the gap ups their pumping causes.
 
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