Not MF, MBF. Its basically a prop firm on the floor of the nymex. Alot of their guys - RBI Eric Bolling being one of them - make a shitload of money. Joe T is sort of a risk manager type and I think his title is "Head of trader development". From what I've heard, he never did particularly well in the pits.....And what I mean by "not particularly well" is really really bad!
Yeah, he is like a coach to the traders. If the traders are on a losing streak, he cut back their trading size. Eric has better insight to market action because he is a trader while Joe is more a coach than a trader. Joe is not as intune with the market as Eric.
Joe Terranova...LOL he's a Guido. The Long Island, Seaside Heights Jersey Shore, hairgel, spikey hair, roids, orange tanning cream all over the face..... Did you see last summer when he came on Fast Money and his face was All orange. It was hysterical, he came on looking the full on guido. http://www.youtube.com/watch?v=KpDjqhvNvd0&feature=related http://www.youtube.com/watch?v=ZqXAuXCVIJs&feature=related
Here's Joe Terranova after work, headed to the techno club for some guido dancing. http://nj-guido.com/wp-content/uploads/2008/11/guido-tutorial.jpg
As a former Comex and NYBOT floor trader that was familiar with MBF and his operation ( from '86-'93 ) I would AGREE 100% with all that you have said. In fact, I mentioned this back in mid-Febraury: http://www.elitetrader.com/vb/showthread.php?s=&postid=2312091&highlight=Terranova#post2312091 I'd much rather listen to Eric Bolling (RBI) than Terranova any day of the week.