{"id":24061,"date":"2013-01-28T15:22:07","date_gmt":"2013-01-28T14:22:07","guid":{"rendered":"http:\/\/feedproxy.google.com\/~r\/zerohedge\/feed\/~3\/h_Y_4Prdz4Q\/story01.htm"},"modified":"2013-01-28T15:22:07","modified_gmt":"2013-01-28T14:22:07","slug":"cashin-on-icahn-vs-ackman-like-a-car-chase-and-about-as-meaningful","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/breaking-news\/cashin-on-icahn-vs-ackman-like-a-car-chase-and-about-as-meaningful\/","title":{"rendered":"Cashin On Icahn Vs Ackman: &#8220;Like A Car Chase &#8211; And About As Meaningful&#8221;"},"content":{"rendered":"<div>\n<p>Cramer called it the greatest piece of financial TV history. He was the only one. Here is Art Cashin&#8217;s take on last week&#8217;s 1 hour slow motion trainwreck between Ackman and Icahn.<\/p>\n<blockquote>\n<p>Stocks opened solidly better and began to build on those gains. Disappointing home sales at 10:00 seemed to dent the rally and stocks struggled through the morning, finally regaining the morning highs around noon.<\/p>\n<p>Then came a rather bizarre TV soap opera. As someone on the floor called it, it was like Jerry Springer with limos.<\/p>\n<p>Actually, on Jerry Springer, I am told, the protagonists are live and often rush to confront each other physically. Here they were formless voices that phoned their enmity in.<\/p>\n<p>While it diverted trading desks and floors somewhat \u2014 <strong>like a car chase \u2014 it was about as meaningful. Traders wondered if the performance dented the confidence of mom and pop investors watching at home. It certainly didn&#8217;t make the financial arena sound solid and businesslike.<\/strong><\/p>\n<\/blockquote>\n<p>Financial arena: &#8220;<em>solid<\/em>&#8221; and &#8220;<em>businesslike?<\/em>&#8221;\u00a0<\/p>\n<p>Actually no Art, it showed the financial arena precisely for what it is: nothing more than an endless pissing match between the <em>uber<\/em> rich, who just happen to be the only ones left in this market, a market where investing is not based on fundamentals, but purely on ego trips to prove that i am right, and you are wrong, and naturally subsidized by every central planner&#8217;s now endless dilution of fiat equivalents, everywhere.<\/p>\n<div class=\"fivestar-static-form-item form-item\"><label>Average:<\/label><\/p>\n<p><span class=\"user-rating\">Your rating: <span>None<\/span><\/span> <span class=\"average-rating\">Average: <span>4.9<\/span><\/span> <span class=\"total-votes\">(<span>7<\/span> votes)<\/span><\/p>\n<\/div>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/pixel.quantserve.com\/pixel\/p-89EKCgBk8MZdE.gif\" border=\"0\" height=\"1\" width=\"1\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<div>\n<p>Cramer called it the greatest piece of financial TV history. He was the only one. Here is Art Cashin&#8217;s take on last week&#8217;s 1 hour slow motion trainwreck between Ackman and Icahn.<\/p>\n<blockquote>\n<p>Stocks opened solidly better and began to build on those gains. Disappointing home sales at 10:00 seemed to dent the rally and stocks struggled through the morning, finally regaining the morning highs around noon.<\/p>\n<p>Then came a rather bizarre TV soap opera. As someone on the floor called it, it was like Jerry Springer with limos.<\/p>\n<p>Actually, on Jerry Springer, I am told, the protagonists are live and often rush to confront each other physically. Here they were formless voices that phoned their enmity in.<\/p>\n<p>While it diverted trading desks and floors somewhat &ndash; <strong>like a car chase &ndash; it was about as meaningful. Traders wondered if the performance dented the confidence of mom and pop investors watching at home. It certainly didn&#8217;t make the financial arena sound solid and businesslike.<\/strong><\/p>\n<\/blockquote>\n<p>Financial arena: &#8220;<em>solid<\/em>&#8221; and &#8220;<em>businesslike?<\/em>&#8221;&nbsp;<\/p>\n<p>Actually no Art, it showed the financial arena precisely for what it is: nothing more than an endless pissing match between the <em>uber<\/em> rich, who just happen to be the only ones left in this market, a market where investing is not based on fundamentals, but purely on ego trips to prove that i am right, and you are wrong, and naturally subsidized by every central planner&#8217;s now endless dilution of fiat equivalents, everywhere.<\/p>\n<div>\n<label>Average:<\/label><\/p>\n<p><span>Your rating: <span>None<\/span><\/span> <span>Average: <span>4.9<\/span><\/span> <span>(<span>7<\/span> votes)<\/span><\/p>\n<\/div>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/pixel.quantserve.com\/pixel\/p-89EKCgBk8MZdE.gif\" border=\"0\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"author":1213,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[487],"tags":[],"class_list":{"0":"post-24061","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-breaking-news"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/24061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1213"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=24061"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/24061\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=24061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=24061"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=24061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}