Joe Terranova: Cnbc/fast Money

Quote from subban:

Is'nt Terranova the head of trading at MF...No wonder he;s going to be out of a job soon.
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Not MF, MBF. Its basically a prop firm on the floor of the nymex. Alot of their guys - RBI Eric Bolling being one of them - make a shitload of money. Joe T is sort of a risk manager type and I think his title is "Head of trader development". From what I've heard, he never did particularly well in the pits.....And what I mean by "not particularly well" is really really bad!
 
Quote from bt116:

Joe T is sort of a risk manager type and I think his title is "Head of trader development". From what I've heard, he never did particularly well in the pits
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Yeah, he is like a coach to the traders. If the traders are on a losing streak, he cut back their trading size.

Eric has better insight to market action because he is a trader while Joe is more a coach than a trader. Joe is not as intune with the market as Eric.
 
Quote from WinSum:

Yeah, he is like a coach to the traders. If the traders are on a losing streak, he cut back their trading size.

Eric has better insight to market action because he is a trader while Joe is more a coach than a trader. Joe is not as intune with the market as Eric.
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Correct.
And MBF stands for Mark B. Fisher.
Nothing to do with Mann-Financial.
 
Quote from hitandrun:

i know joe for many years. his nickname on the NYMEX (and at MBF) was "full count" because he is divorced twice and blew-out trading three times.

...and he looks like count chocula.

because he is a retard and a product of tribal incest.
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:p
 
Quote from hitandrun:

it may sound brutal...but it's all true.

if the show is losing ground, maybe they should think twice before hiring imbeciles.

i have a broken watch that is right twice a day...joe t is lucky to be right once a week.

i'll tell you what...you really want to see "brutal"...take every trade that moron recommends.

as a NYMEX market maker for over 20 years, i can tell you this...HE KNOWS NOTHING ABOUT ENERGY MARKETS OTHER THAN HOW TO BLOW OUT.
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As a former Comex and NYBOT floor trader that was familiar with MBF and his operation ( from '86-'93 ) I would AGREE 100% with all that you have said.

In fact, I mentioned this back in mid-Febraury:

http://www.elitetrader.com/vb/showthread.php?s=&postid=2312091&highlight=Terranova#post2312091

I'd much rather listen to Eric Bolling (RBI) than Terranova any day of the week.

:)
 
Quote from hitandrun:

it may sound brutal...but it's all true.

if the show is losing ground, maybe they should think twice before hiring imbeciles.

i have a broken watch that is right twice a day...joe t is lucky to be right once a week.

i'll tell you what...you really want to see "brutal"...take every trade that moron recommends.

as a NYMEX market maker for over 20 years, i can tell you this...HE KNOWS NOTHING ABOUT ENERGY MARKETS OTHER THAN HOW TO BLOW OUT.

in fact, just today he said "the lows in crude are definitely in"...and right after he said it, i bought 1000 Dec $35 puts.
guaranteed winner now that joe "the mush" just put his money down.

lets see who goes broke first.
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LOL, great "mush" reference.
 
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