Rick Santelli on Rush Limbaugh's Show

[Div_Arb]

Quote from Angrycat:

Santelli is awesome. He's the only good thing about CNBC and always has been.

W3rd

 

[Landis82]

Quote from Angrycat:

Santelli is awesome. He's the only good thing about CNBC and always has been.

I'm afraid that he has "peaked".

The only guy that actually had a clue about the markets ( and specifically the ENERGY MARKET ) was Eric Bolling, who left Fast Money for Fox TV.

No one else actually trades for a living on TV, and it shows.

 

[Landis82]

In before the "lock" and move to Chit Chat

 

[Angrycat]

Quote from Landis82:

This is too funny!!!

I guess Limpbaugh never heard of John McCain's plan (during the Presidential debates ) to subsidize your neighbor's mortgage by having the govt. intervene.

Anyone catch Charlie Rose's show last night with Nouriel Roubini, Fred Mishkin, and Mark Zandi?

It was an EXCELLENT discussion.

The fact that the shrub & McPain were also idiots doesn't mean that the Obamessiah isn't one.

 

[ess1096]

Quote from Landis82:

I'm afraid that he has "peaked".

The only guy that actually had a clue about the markets ( and specifically the ENERGY MARKET ) was Eric Bolling, who left Fast Money for Fox TV.

No one else actually trades for a living on TV, and it shows.

I'm pretty sure Rick Santelli is a former professional trader. Anyone confirm this for for me?

 

[Angrycat]

Quote from ess1096:

I'm pretty sure Rick Santelli is a former professional trader. Anyone confirm this for for me?

That's my understanding too.

 

[Tide31]

Rick Santelli was a former floor trader in bond pit and a good one. He was someone that they pursued for his 'insight' like NYSE Art Cashin. They convinced him to give up trading and do commentary full time.

 

[Landis82]

Quote from ess1096:

I'm pretty sure Rick Santelli is a former professional trader. Anyone confirm this for for me?

The key word is former . . .

In my opinion, if he had been successful at trading, he would still be doing so. And given his positions at Rand Financial, Geldermann, and Drexel over the years, I would suggest that it has been many many moons since Santelli was an "active" trader.

Think about that for a moment.

 

[Angrycat]

Quote from Landis82:

I'm afraid that he has "peaked".

The only guy that actually had a clue about the markets ( and specifically the ENERGY MARKET ) was Eric Bolling, who left Fast Money for Fox TV.

No one else actually trades for a living on TV, and it shows.

Oh God! You can't be serious. From time to time he makes a smart comment, but overall he's incredibly clueless. The oil futures pit is a den of thieves. You don't actually have to know caca about trading but you have to be in the "in" crowd so that you can stand around and mindlessly rip off customers. I hear it's going electronic, so Eric was smart enough to get off the floor because he's not smart enough to really trade.

 

[Angrycat]

Quote from Landis82:

The key word is former . . .

In my opinion, if he had been successful at trading, he would still be doing so. And given his positions at Rand Financial, Geldermann, and Drexel over the years, I would suggest that it has been many many moons since Santelli was an "active" trader.

Think about that for a moment.

'


Of course he's a <i>former</i> trader. You can't have a full time job commenting on television and be a full time trader. You don't need to be a trader currently to understand how the markets work, ya' dope

Plus, standing in the pit/sitting in front of screens for decades is taxing. A lot of guys make their money and find something else to do while fresh blood trades their capital.