"I'm cautiously optimistic," says the TV pundit. Well who isn't?--you want to say. The optimist without caution is a fool. "It's a stockpicker's market." Can you name another kind? Here's another beauty you've heard countless times that sounds logical: "Stocks are down on profit-taking." A rash of selling high would seem to justify this statement, but it ignores the buyers. In fact, people don't actually know whether stock sellers are "profit-taking."
Business Insider chieftain Henry Blodget explains why these and about a dozen other commonly heard market-speak phrases are meaningless. Some of the phrases are just a way to sound smart and cover your ass if the market turns--they're noncommittal masterpieces like "We're constructive on the market." But the always wise and energetic Blodget includes some gibberish that doesn't even sound smart, like our personal favorite: "This market has more buyers than sellers." Umm, no it doesn't--as a kindergartner could tell you. There are always the same number of buyers and sellers. Always. Unless you're buying the Brooklyn Bridge.
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