Crip1 Posted June 25 Share Posted June 25 With the FT job I rarely get to watch business television (CNBC, Bloomberg), but taking a couple of days to accompany my wife to a conference affords the opportunity to catch a broadcast or two this week. Some of the things one hears are mindboggling. Among them over the past two days: "It's a stock-picker's market" - Really...you mean that there are times where one does not need to be able to pick stocks? "It's one of those industries where you need to stick with quality" - OK, let me know an industry where one shuns quality. "If you don't know what you own, sell some of it" - I simply don't know how to respond to this. I am sure there are countless others, but the stuff that passes for "expertise" is astounding. -Crip Link to comment Share on other sites More sharing options...
boilermaker75 Posted June 25 Share Posted June 25 How about "idle cash on the sidelines?" If I take my "idle" cash and buy a stock where does my idle cash end up? Someone else's sideline. Link to comment Share on other sites More sharing options...
brobro777 Posted June 25 Share Posted June 25 https://www.businessinsider.com/astrology-stock-market-trading-gen-z-retail-investors-2024-6 Tarot cards baby, Tarot cards Link to comment Share on other sites More sharing options...
boilermaker75 Posted June 25 Share Posted June 25 46 minutes ago, brobro777 said: https://www.businessinsider.com/astrology-stock-market-trading-gen-z-retail-investors-2024-6 Tarot cards baby, Tarot cards That should make it easier for the rest of us! Link to comment Share on other sites More sharing options...
DooDiligence Posted June 25 Share Posted June 25 Link to comment Share on other sites More sharing options...
Xerxes Posted June 26 Share Posted June 26 The next 10 years will be different than the last 10 years. Link to comment Share on other sites More sharing options...
Xerxes Posted June 26 Share Posted June 26 “It is a GE” A now forgotten statement dating back to the glory days “it is John Malone”. Another useless statement. Link to comment Share on other sites More sharing options...
Gamecock-YT Posted June 26 Share Posted June 26 (edited) On 6/26/2024 at 12:04 AM, Crip1 said: With the FT job I rarely get to watch business television (CNBC, Bloomberg), but taking a couple of days to accompany my wife to a conference affords the opportunity to catch a broadcast or two this week. Some of the things one hears are mindboggling. Among them over the past two days: "It's a stock-picker's market" - Really...you mean that there are times where one does not need to be able to pick stocks? "It's one of those industries where you need to stick with quality" - OK, let me know an industry where one shuns quality. "If you don't know what you own, sell some of it" - I simply don't know how to respond to this. I am sure there are countless others, but the stuff that passes for "expertise" is astounding. -Crip Literally one of the best parts of being in Asia is how you are practically removed from the 24 hour news cycle. US Markets are closed for the day by the time you are waking up and European markets haven't started up yet. Anything that's "news" just for the news cycle-sake is already being removed and replaced by whatever new stories are hitting the headline in the US&European papers. These days it's just the various Asian currencies hitting new lows against the USD and whatever "news" is coming out of China. Bunch of ho-hum. As someone who previously had multiple TVs of CNBC/Bloomberg in front of them at work, it's mind boggling how utterly worthless those channels are. I'd argue the only time they are ever worth paying attention to in during market turmoil but even then you're probably better off not being influenced by their presenters, instead forming your own opinions about what is going on, and acting accordingly. Edited June 26 by Gamecock-YT Link to comment Share on other sites More sharing options...
Intelligent_Investor Posted June 26 Share Posted June 26 23 hours ago, DooDiligence said: this is why they have inverse cramer Link to comment Share on other sites More sharing options...
ValueArb Posted June 27 Share Posted June 27 As a value investor what irritates me is someone promoting a stock by talking about how great the company is while ignoring its valuation, which essentially is many of these catch phrases do. It's like the Sandberg's old advice for lawyers: Quote If the facts are against you, argue the law. If the law is against you, argue the facts. If the law and the facts are against you, pound the table and yell like hell. For stock promoters, is something like "If the valuation is poor, talk about the opportunity. If the opportunity is poor, talk about the valuation. If both are poor, have Cramer pound the table and yell like hell" Link to comment Share on other sites More sharing options...
tooskinneejs Posted June 27 Share Posted June 27 "The Company missed analysts' earnings estimates" No, analysts misestimated the company's earnings. Link to comment Share on other sites More sharing options...
valueseek Posted July 1 Share Posted July 1 we are 'cautiously optimistic' Link to comment Share on other sites More sharing options...
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