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 . . .