Worst Wall Street Clichés

[schizo]

Quote from bwolinsky:

No one ever tells you when to get back in. It's a cliche because while this anomally does happen regularly, it seems everyone just assumes you got back in at the low. No one has come up with any other axiom to re-enter.

On the other hand, witness Jim Cramer and other lunatic "financial analysts". They're never shy about telling you when to load up but they never once mention when you should unload.

 

[learner2007]

I once overheard a broker tell a customer,
"This could be your last chance to buy at these prices"

 

[NoDoji]

Quote from schizo:

On the other hand, witness Jim Cramer and other lunatic "financial analysts". They're never shy about telling you when to load up but they never once mention when you should unload.

Schiz, quick, how to interpret this:

6/4/10 - "[Cramer] said investors need to remember that the markets are up from Dow 6,500, and now is still a good time to sell some stocks and take a little money off the table. "Don't give back any more of your profits," he said."

Is that a buy signal???

 

[ChaosNSX]

No doubt about it that "is" the best, and by the way..

"I DRINK YOUR MILKSHAKE, SHSHSHSHSHSHSHlLP, I DRINK IT UP"

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Quote from jem:

That may be the best.

 

[tradecalm]

Quote from schizo:
The market is ALWAYS right

Markets maybe wrong, but they can be wrong much longer than you can remain liquid.

1. There are people who make things happen.
2. There are people who watch others making things happen.
3. And there are people who ask "What happened?"
(c) unknown

#1 people start threads like "Worst Wall Street Clichés"

#2 people jump on it and reply to this thread ... blah blah blah... going nowhere.

#3 people ... feel sorry for them.

 

[tomahawk]

A cliche not necessarily from Wallstreet proper, but traders in general:

"I violated my rules." ... (and the market violated me. :eek: )

Maybe your little rules sucked in the first place.

 

[zdreg]

Quote from tradecalm:

Markets maybe wrong, but they can be wrong much longer than you can remain liquid.




#1 people start threads like "Worst Wall Street Clich�s"

#2 people jump on it and reply to this thread ... blah blah blah... going nowhere.

#3 people ... feel sorry for them.

it's like tv shows or the way you wear socks with your sandals.
nobody forces you.

 

[trefoil]

"The market is at risk."

Doh!

 

[schizo]

Quote from tradecalm:

Markets maybe wrong, but they can be wrong much longer than you can remain liquid.

Markets do remain irrational solely because of idiots that instill false hopes. Whatever that means, right? Well think about it over the weekend.

Anyway, serious traders don't need to be serious all the time. Have some humor in your life for once. Lighten up.

 

[Bolimomo]

Quote from schizo:

On the other hand, witness Jim Cramer and other lunatic "financial analysts". They're never shy about telling you when to load up but they never once mention when you should unload.

There is no entry for "sell" in a Financial Analyst's dictionary.

There are: buy, strong buy, morgage-your-house-to-buy, hold, neutral, outperform and "market perform".

What the hell does "market perform" or "sector perform" mean any way?