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Stupid things finance people say
Old 11-16-2013, 06:17 AM   #1
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Stupid things finance people say

Amen!

Stupid things finance people say
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Old 11-16-2013, 07:15 AM   #2
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+1
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Old 11-16-2013, 07:22 AM   #3
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Duh.
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Old 11-16-2013, 09:03 AM   #4
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Very good!
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Old 11-16-2013, 09:23 AM   #5
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Fantastic!
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Old 11-16-2013, 09:34 AM   #6
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Funny to see all of this in one place, and so true. My favorite one (when I hear it almost daily, I yell at the TV): "The Dow is down 50 points as investors react to news of [X]."

Stop it, you're just making stuff up. "Stocks are down and no one knows why" is the only honest headline in this category.

It makes me crazy that they blame some random thing for the market going one way or another. Funny, that random thing has no influence on the market when it reverses course the very next day. So stop it, already!!!

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Old 11-16-2013, 09:40 AM   #7
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Quote:
Originally Posted by cj View Post
Funny to see all of this in one place, and so true. My favorite one (when I hear it almost daily, I yell at the TV): "The Dow is down 50 points as investors react to news of [X]."

Stop it, you're just making stuff up. "Stocks are down and no one knows why" is the only honest headline in this category.

It makes me crazy that they blame some random thing for the market going one way or another. Funny, that random thing has no influence on the market when it reverses course the very next day. So stop it, already!!!

+1 One of my pet peeves.
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Old 11-16-2013, 09:41 AM   #8
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Funny on the surface, but some of those aren't that stupid.

Quote:
"They don't have any debt except for a mortgage and student loans."
That's a whole lot better than being mired in credit card debt. Some will argue that a low-interest tax-deductible loan backed by real property is a good debt as you could do better investing the money. Student loans are an investment on your future.
Quote:
"More buyers than sellers."
You can look at the queue for unfilled orders and see if there are more bids than asks. Just because every trade has a buyer and a seller doesn't mean there aren't more people trying to buy than trying to sell.

A lot of these are worth ridicule, but not all of them. Someone can't be neutral on a stock? Really?
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Old 11-16-2013, 09:50 AM   #9
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Originally Posted by cj View Post
Funny to see all of this in one place, and so true. My favorite one (when I hear it almost daily, I yell at the TV): "The Dow is down 50 points as investors react to news of [X]."

Stop it, you're just making stuff up. "Stocks are down and no one knows why" is the only honest headline in this category.

It makes me crazy that they blame some random thing for the market going one way or another.............

Stocks are down today because there were more sellers than buyers.

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Old 11-16-2013, 09:56 AM   #10
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If you define a seller as someone who wants to sell, the above statement could be true. If a seller is someone who actually did sell, then there must have been a corresponding buyer.
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Old 11-16-2013, 09:58 AM   #11
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If I've got my house listed for sale with a realtor, aren't I a seller?
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Old 11-16-2013, 09:59 AM   #12
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If you define a seller as someone who wants to sell, the above statement could be true. If a seller is someone who actually did sell, then there must have been a corresponding buyer.
Right - the actual story when prices drop is that the sellers are more eager to sell than the buyers are eager to buy.
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Old 11-16-2013, 10:00 AM   #13
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Probably more accurate.

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Old 11-16-2013, 10:00 AM   #14
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Right - the actual story when prices drop is that the sellers are more eager to sell than the buyers are eager to buy.
Yes, and if the sellers lower their prices enough, they will probably find some buyers!
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Old 11-16-2013, 10:01 AM   #15
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2 minutes of entertainment while I was drinking my 2nd cuppa of the morning. Thank you!
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Old 11-16-2013, 10:02 AM   #16
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Yes, and if the sellers lower their prices enough, they will probably find some buyers!
Exactly!
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Old 11-16-2013, 10:03 AM   #17
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I really liked this one too:
Quote:
"Earnings missed estimates."

No. Earnings don't miss estimates; estimates miss earnings. No one ever says "the weather missed estimates." They blame the weatherman for getting it wrong. Finance is the only industry where people blame their poor forecasting skills on reality.
So true! To me it was always an arrogant reflection of Wall Street - that the company was obligated to match their estimates, not that the analysts were obligated to do the research to come up with accurate estimates.
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Old 11-16-2013, 10:06 AM   #18
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^^ definitely agree on that one, audrey.
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Old 11-16-2013, 11:54 AM   #19
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Funny on the surface, but some of those aren't that stupid.


That's a whole lot better than being mired in credit card debt. Some will argue that a low-interest tax-deductible loan backed by real property is a good debt as you could do better investing the money. Student loans are an investment on your future.

You can look at the queue for unfilled orders and see if there are more bids than asks. Just because every trade has a buyer and a seller doesn't mean there aren't more people trying to buy than trying to sell.

A lot of these are worth ridicule, but not all of them. Someone can't be neutral on a stock? Really?
+1. Overall funny, but lampoons intelligent discriminations as well as idiocy.
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Old 11-16-2013, 03:18 PM   #20
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"He predicted the market crash in 2008."
He also predicted a crash in 2006, 2004, 2003, 2001, 1998, 1997, 1995, 1992, 1989, 1984, 1971...

I think this guy keeps sending me his newsletter...
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