Friday, May 2, 2008

Santelli Smacks Liesman

I was feeling a little dry this morning... I was hoping for some wisdom from Art Cashin, so I switched on CNBC.

They were discussing the FEDs action this morning... I don't know what the FED did. They increased the TAF or something... I don't care anymore. I just figure they're doing all they can to make sure the stock market can never sell off again. God Bless America.

Anyway, Steve Liesman was talking, and Santelli chimed in with a comment. Liesman, looking hurt said something like, "Rick, I let you finish, now I'd like it if you let me finish."

Santelli fired back with, "Steve, I've said this before... you put your IRA up and I'll put my IRA up and we'll trade them and see who can retire!" This comment caused a manly cheer to erupt behind Santelli from the Chicago pits.

They turned the camera to Liesman. He looked hurt, as if he was about to cry.

Carl Quintanilla was shown chuckling and then they cut to commercial.

UPDATE: Here's a link to the video... CNBC should let people embed. Anyway, Santelli comes on around the 3:40 mark, and it gets awkward around 4:20. Later, they shot some rounds again, in this video, at the 3:15 mark. Just click the links, and then you can drag the ball to where you want to view the video from...


Jorge said...

Just caught that on the TOS platform. That was pretty funny. The pits love Santelli.

And yeah, Cashin's the only one you really need to listen to on CNBC.

Erin's color scheme wasn't that impressive this morning btw.

bloggerdotcom said...

Darn, I missed that.

The main difference is that Liesman is an academic with experience reading books while Santelli is a realist with experience in trading.

In other words, Santelli's suggestions are significantly more meaningful.