Herb Greenberg Leaving Full-Time Gig at CNBC
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Stock manipulators may be breathing a sigh of relief Thursday after veteran market-watcher Herb Greenberg said he is leaving as a full-timer at CNBC.
Greenberg said he is re-joining TheStreet.com (NYSE: TST), where he will pen a newsletter, "Reality Check", in addition to writing a daily blog. He will also serve as a contributor to CNBC.
Greenberg said the decision, while tough, came down to one thing - Southern California.
"Many of you thought Mary and I were crazy (no -- nuts!) to leave San Diego, where we lived for 10 years, for the East Coast," Greenberg commented on Facebook. "Turns out you were right. This, our third time doing the East Coast stint, was strike three."
He added, "Truth be told -- taxes, earthquakes and fires notwithstanding -- we simply missed San Diego. It had become home, and with my contract about to expire, we decided to go back."
Greenberg's daily dose of reality on high-flying stocks like Tesla (NASDAQ: TSLA), Herbalife (NYSE: HLF) and others will surely be missed. There are not too many reporters in the business that have a better understanding of momentum and momentum gone bad. Greenberg is one of the few - having seen both sides of the market multiple times. While not always right, he always reports with insight and integrity. Good luck Herb!
Greenberg said he is re-joining TheStreet.com (NYSE: TST), where he will pen a newsletter, "Reality Check", in addition to writing a daily blog. He will also serve as a contributor to CNBC.
Greenberg said the decision, while tough, came down to one thing - Southern California.
"Many of you thought Mary and I were crazy (no -- nuts!) to leave San Diego, where we lived for 10 years, for the East Coast," Greenberg commented on Facebook. "Turns out you were right. This, our third time doing the East Coast stint, was strike three."
He added, "Truth be told -- taxes, earthquakes and fires notwithstanding -- we simply missed San Diego. It had become home, and with my contract about to expire, we decided to go back."
Greenberg's daily dose of reality on high-flying stocks like Tesla (NASDAQ: TSLA), Herbalife (NYSE: HLF) and others will surely be missed. There are not too many reporters in the business that have a better understanding of momentum and momentum gone bad. Greenberg is one of the few - having seen both sides of the market multiple times. While not always right, he always reports with insight and integrity. Good luck Herb!
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