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User Info Dick Bove Tells Truth? in forum [Ticker]
Genesis
Posts: 71367
Incept: 2007-06-26
A True American Patriot!
KD^2
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http://market-ticker.org/archives/1231-D....

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-07-17 14:23:37
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Norseman
Posts: 13362
Incept: 2008-02-25

Oregon
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Speaking of Bovine, man Melissa has some nice utters. Kinda bustin out there in Video.....

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"The Free Markets are never wrong, only those who analyze them, including myself. If something is not developing as expected, it can never be the markets, only the failure to consider all the data impacting the market." Martin Armstrong

Play the charts,they do not lie. Media and people do.

2009-07-17 14:31:44
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Trappped
Posts: 73
Incept: 2009-02-13
Banned
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Dick Bovine, like that ***** Merith Whitney, is talking about of both sides of thier mouth.
He was on 2 days earlier saying JPM was going over $40 by end of next week.

2009-07-17 14:36:58
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Ssg263
Posts: 100
Incept: 2009-01-07

NY
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Quote:
Speaking of Bovine, man Melissa has some nice utters. Kinda bustin out there in Video.....


yeah, Dick was probably so distracted by them his brain shut off and he accidentally spoke the truth

2009-07-17 14:37:49
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Genesis
Posts: 71367
Incept: 2007-06-26
A True American Patriot!
KD^2
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He got a look at JPM's actual earnings release.

Well, so did a lot of other people, including me, and it blew bananas.

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-07-17 14:38:47
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Dji
Posts: 718
Incept: 2009-04-21

Fleming Island
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Dick just said BAC cooked the books, And JPM had no real earnings, but they are going to 40 by the end of next week?
No credibility by anyone on that channel anymore.
Hell I think I heard someone say the Nasdaq is going for 8 straight up days in a row?

Gen they must of been scared of you, you got what 40 seconds of air time, hope they paid you for your 2.5 hrs of travel time and 130 miles you put on your suburban.

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What goes up Must come Down- Alan Parsons Project
THE TRUTH HURTS! -Dji
2009-07-17 14:53:18
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Genesis
Posts: 71367
Incept: 2007-06-26
A True American Patriot!
KD^2
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Yep - that's basically what he said!

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-07-17 14:54:31
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Norseman
Posts: 13362
Incept: 2008-02-25

Oregon
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yeah and derivatives exposure has kinda left everyones memory banks? Oh and how about the legal expenses from the Class Action lawsuits for allowing Naked Short selling for how many years. No way they make profits......but the game can continue for awhile and the Charts don't show any signs of cracking at all. "YET".

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"The Free Markets are never wrong, only those who analyze them, including myself. If something is not developing as expected, it can never be the markets, only the failure to consider all the data impacting the market." Martin Armstrong

Play the charts,they do not lie. Media and people do.

2009-07-17 15:11:06
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Curbyourrisk
Posts: 1888
Incept: 2008-08-19
Long Island, New York
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Quote:
He got a look at JPM's actual earnings release.

Well, so did a lot of other people, including me, and it blew bananas.


Karl: does this men JPM finally spoke some truth, or did you have to read "through" their numbers to get to the truth?

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Hopium: hope filled delirium preached by the White House and Swallowed whole by the American Sheeple.
Why is Franklin Raines a free man?
"We saved the world from disaster" - Ben Bernanke - Jackson Hole 08/21/2009
2009-07-17 15:15:44
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Soros
Posts: 1766
Incept: 2007-08-31
canada
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*******n, someone tell Kudlow to SHUT THE **** UP and let the guests speak!!!

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Hey, man, you don't talk to the Bernanke. You listen to him. The man's enlarged my mind. He's a poet warrior in the classic sense. I mean sometimes he'll... uh... well, you'll say "hello" to him, right? And he'll just walk right by you. He won't even notice you.
2009-07-17 15:40:04
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Statusquojoe
Posts: 2397
Incept: 2008-11-20
A True American Patriot!
Land of the fees Home of the slaves.
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Quote:
The pyschology and methods of valuing banks has changed.


Most likely due to a massive propaganda campaign, people think through their TVs anymore.

They pressed him for a call, hold or bail. He should have just said, these are the numbers use your own judgment. Oh but wait that would lead the sheoples to think for themselves instead of letting the prophets of profit think for them. This is why I don't watch TV.

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"In short, you are the definition of moral hazard." Senator Bunning to Bernanke
2009-07-17 15:52:58
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Eesmith4
Posts: 395
Incept: 2008-12-31

Missississississippi
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So Dicky Bove thinks banks suck, and Merideth Whitney is now Goldman Sachs best friend?

Did I wake up in Bizzaro World?

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While at a conference a few weeks back, I spent an interesting evening with a grain of salt.
2009-07-17 16:33:14
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Norseman
Posts: 13362
Incept: 2008-02-25

Oregon
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Quote:
Did I wake up in Bizzaro World?


Yep

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"The Free Markets are never wrong, only those who analyze them, including myself. If something is not developing as expected, it can never be the markets, only the failure to consider all the data impacting the market." Martin Armstrong

Play the charts,they do not lie. Media and people do.

2009-07-17 16:45:03
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Fred_flintstone
Posts: 5128
Incept: 2008-04-15

Online
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Easy explanation, all the shorts got scared off, so now they need to sucker in some more for the next cycle. Place a call to 1-800-Buy-Bove who no doubt accepts credit cards, cash, bearer bonds, etc.

2009-07-17 16:45:21
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Leonidas
Posts: 227
Incept: 2008-09-06
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Is the **** about to hit the fan? Why is CNBC running legitimate stories today??

1. Bove on banks

2. Legit 5 minute story on foreclosure inventory on Closing Bell

3. Karl as a guest on Kudlow

Is credibility suddenly becoming important to this network? Next week's market action should be interesting. Something's up.

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Of each particular thing ask: what is it in itself? What is it's nature?

Marcus Aurelius

2009-07-17 18:25:17
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Clock
Posts: 863
Incept: 2007-09-18
Green Shoots My Ass.
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Quote:
3. Karl as a guest on Kudlow

When? Did I miss something?

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...lots of money still on the sidelines ~ CNBC mantra ~



2009-07-18 01:16:17
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Phantomace
Posts: 2184
Incept: 2009-03-16

Las Vegas, NV, and your screen
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Clock:

Yeah, he was on today.
There's a thread in "Breaking".
Video can be found there too if you would like to see it.
Was pretty good appearance, actually.
Karl did well.

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"That was a little trick I call math. Oops, now I'm not emotionally invested..." - Dilbert
The only good thing I have to say about Barney Frank is at least he's not breeding...
2009-07-18 01:24:42
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Clock
Posts: 863
Incept: 2007-09-18
Green Shoots My Ass.
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Phantomace...
Thanks...I didn't get to breaking yet....watching this right now: http://www.archive.org/details/OnTheEdge....

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...lots of money still on the sidelines ~ CNBC mantra ~



2009-07-18 02:27:31
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Bubblesee
Posts: 3768
Incept: 2007-06-27

nyc
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He still has a BUY on them and he ALSO said just a day or so ago that JPM's stock could double.

What he DID hint at was that numerous other banks were simply going to get SLAMMED due to the fact that this environment is NOT helpful to their dilemma and these smaller banks are simply NOT getting or going to get the same level of handout and bailout that the chosen few are receiving.

Which sounds to me like there could be some great short to zero potential bank possibilities if you happen to pick the ones that are NOT going to be chosen to be saved.......

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Ticker Forum Special:
"Bennie and the Feds" Melody:Elton John Lyrics:Bubblesee
http://www.youtube.com/watch?v=etfVMtCq9Oc
(Larry Kudblow eat your heart out)
2009-07-18 11:12:11
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