Last week, we noted that Eric Bolling — the Admiral — had bolted CNBC’s Fast Money for Fox.
Eric reached out to me to correct some of the commentary at that post. In fairness to him, I offered TBP as a forum for him to tell his side of the story.
In his own words, Eric Bolling:
"I want to thank you for giving me a minute to explain what has been going on. It was announced that I left CNBC during Fast Money tonight (9/4/7).
I wanted you and your viewers (web, tv, print) to know that I left primarily because of the amount of time the show was taking from my family. From the first eye-opener, very early in the shows development, a viewer emailed me saying that he bought ICE stock. I then realized the awesome magnitude of responsibility I was taking on. EVERY recommendation (aside from the producer elicited segments) I made was done with an enormous sense of responsibility. I spent literally hours upon hours researching, prepping and brainstorming for each show. I hate to be wrong- I am driven by the fact that some people are trading on my thoughts- some trades are winners and some are losers. I know, that’s the nature of the game but I want everyone watching to win (if you aren’t watching, you’re on your own).
In hindsight, I look upon the 2 years I spent at CNBC proudly. I had the opportunity to meet CEO’s, journalists and analysts. I was able to ask them tough questions and learn from them. I hope that I, in turn, gave viewers some insight into the psychology of trading- help traders get a sense of when to hold ‘em, when to fold ‘em…
I have no solid plan for the future except to try to spend more time with my son and wife…. the rest will fall into place. I will continue to correspond with most of the awesome people I met on this "wild ride"….Ritholtz, Cramer, Greenberg, Kass, et. al.
Eric Bolling, Admiral (ret.) . . . for now.
Thanks, Eric. Good luck in the future . . .
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.