Stupid things finance people say

[Onward]

Amen!

Stupid things finance people say

 

[donheff]

+1

 

[Brett_Cameron]

Duh.

 

[audreyh1]

Very good!

 

[Closet_Gamer]

Fantastic!

 

[cj]

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!!!

 

[audreyh1]

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.

 

[RunningBum]

Funny on the surface, but some of those aren't that stupid.

"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.

"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?

 

[MRG]

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.

MRG

 

[Meadbh]

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.

 

[RunningBum]

If I've got my house listed for sale with a realtor, aren't I a seller?

 

[audreyh1]

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.

 

[MRG]

Probably more accurate.

MRG

 

[Meadbh]

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!

 

[Major Tom]

2 minutes of entertainment while I was drinking my 2nd cuppa of the morning. Thank you!

 

[audreyh1]

Yes, and if the sellers lower their prices enough, they will probably find some buyers!

Exactly!

 

[audreyh1]

I really liked this one too:

"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.

 

[RunningBum]

^^ definitely agree on that one, audrey.

 

[haha]

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.

 

[M Paquette]

"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...

 

[MRG]

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

Me too, not sure how achieved 'his list' status, but I'd happily unachieve it.

MRG

 

[samclem]

Onward, thanks. Very funny.

"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.

Not quite the only industry. Somehow ob/gyn's get the same pass. They tell you the baby will come at the end of January, but if labor starts on Christmas then "the baby came early". How's that? The baby came when the Mom/Baby system said it was time to come, Doc, you just didn't catch the signs.

"He was tired of throwing his money away renting, so he bought a house."He knows a mortgage is renting money from a bank, right?

Well put.

 

[mickeyd]

"A 2% fee is nothing. You can easily make more than that."

 

[ls99]

The market had a technical adjustement.

I think that means that the specialists of several stocks made a killing, all others got the shaft.

 

[Pharmmgr]

Refi in 2006, young man driving a very Hummer came to house to finalize the paper work, told us that we should think about taking out an extra 50 to 75k to enjoy life a bit. He proudly told me us that is how he bought his new man toy. My wife and I looked at each other smiled and told him the object is to get out of debt. I've thought about that exchange, wondering home many times he was able to convince folks to take on more debt, sad.