Via: http://traderdannorcini.blogspot.com/2013/07/rick-santelli-echoing-my-sentiments.html
If you would like to
watch Rick Santelli at his best, check out this segment of his show on
CNBC where he describes exactly how he feels about this idiocy with the
"Taper Caper".
I can tell you as a long time
professional trader, that he is exactly dead on target. Once upon a
time, those of us who make our living in the market and not off the
market, attempted to master the fundamentals of those markets in which
we traded. We prided ourselves on our understanding of the factors
determining supply and demand, seasonal trends and tendencies, value
pricing, etc. I can say that more often than not, it seems as if none of
that matters at all. All that does matter is whether or not Uncle Ben
will keep the money spigots wide open or close them off.
Trading used to be a business which
required hard work, long hours of meticulous research and devotion to
ones craft if one was to be successful. Not any more! Now all that is
required is ferreting out the inner workings of Mr. Bernanke's mind and
determining whether or not he is in a generous mood when it comes to
supplying punch to the multitude of bowls laid out in front of him on
Wall Street.
http://video.cnbc.com/gallery/?video=3000182232&play=1
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