CNBC has been building the fake suspense for three commercial breaks now. Who could it be? What penetrating commentary should we expect? We are game. And easily amused. So we got excited when we heard. We fantasized that it was David Einhorn of the Einhorn Eagle Scouts or someone.
It is "Ric Dillon." What a let down. President and CIO of Diamond Hill Investments. Hoo-ray. My excitement is testing the threshold of explosive incontinence, let me tell you. Well, he did short Detroit. Anyone who shorts that armpit can't be that bad.
If you don't recognize the name, he's kind of the typical looking Midwest football jock-come-mini-regional-bank-President. You know the one I mean. After living next door for 5 years he first met your parents when he came over at 3am and compelled his dejected looking son to admit that he had stolen your parents' car and gone on a joy ride out to the country and would they please not press charges because, after all, he didn't mean any harm and all the kids were doing it and he will wash it for free if they just forget about the police. Yeah. That guy.
I was really hoping for some sparks. I got nothing. He spent all of 15 seconds on short selling. Then he went on to deliver a very weak pitch for Apache (NYSE:APA). Christ.
Posted by guest , Sep 30, 2008 1:47PM
Apache don't hedge much. Long live Apache!
~Jimmy Crack Korn
East Texas Gas Trader
Posted by guest , Sep 30, 2008 1:47PM
Dow's up nearly 400.. so much for Armaggedon.
Posted by guest , Sep 30, 2008 1:48PM
Dead Cat Bounce
Posted by guest , Sep 30, 2008 1:51PM
Equity means nothing.
look at the Credit
Libor and Ted...scary scary scary
Posted by guest , Sep 30, 2008 1:52PM
Equity means nothing.
look at the Credit
Libor and Ted...scary scary scary
Posted by PBateman , Sep 30, 2008 1:53PM
David Einhorn did take his firm off (GLRE)
Posted by guest , Sep 30, 2008 1:54PM
Did someone say Apache?
http://www.youtube.com/watch?v=GFGzGfym-7Y
Posted by guest , Sep 30, 2008 1:55PM
@bateman- yes, but he wasn't the ceo cnbc had on.
Posted by guest , Sep 30, 2008 2:15PM
Rumors that Deloitte is going to conduct massive layoffs...in addition to the 800 they've laid off already...
Posted by guest , Sep 30, 2008 2:26PM
dillon's firm makes money shorting stocks, so it's not really surprising that he opposes the ban.
Posted by guest , Oct 01, 2008 9:49AM
A quick experiment reveals that dead cats do not bounce anything like half as high as you drop them from. A different explanation is required.