Posts filed under “Humor”

Top 10: Wall Street Sayings That Should Be Questioned

In honor and reverence to one of my favorite comedic personalities, David Letterman, and the end of his talk show career here is my own market Top 10 List.


Top 10 list of Wall Street sayings that should be questioned

10) There is a lot of cash on the sidelines.

There is always a lot of cash on the sidelines and that never changes. The buyer of a stock, thus taking cash off the sidelines, gives it to the seller who puts it back on the sidelines.

9) There are more buyers than sellers (or vice versa).

Maybe technically there are more bodies buying or selling than the other side but the number of shares traded has to be exactly the same as for every share bought is a share sold. It’s the aggressiveness of one side or the other that matters.

8) Stocks are attractive because they aren’t quite as overpriced as bonds.

If bonds are artificially priced, shouldn’t stocks be? Overpriced though can of course remain overpriced.

7) The higher stocks go the more attractive and less risky they are.

For long term investors, the more one pays in price today with respect to valuation, the less return they should expect in the future.

6) Stocks aren’t expensive because they are still cheaper than the valuations seen in March 2000.


5) There is no alternative.

In bull markets there is always no alternative to common stocks. In bear markets, there are always alternatives.

4) Markets can’t go down as long as the Fed is easing policy, aka don’t fight the Fed.

While that is many times the case, the Fed started cutting rates aggressively in January 2001 and in September 2007.

3) We’re going to get a rotation into stocks and out of bonds.

For every portfolio rotating out of bonds has to see someone rotating in and that buyer of stock has someone rotating out. Again, it’s the aggressiveness of the moves that matter.

2) The selloff in stocks was profit taking.

Does anyone refer to a rally as profit seeking?

1) The US economy is in a new normal or plagued by secular stagnation.

Maybe now temporarily it is but free market capitalism is the greatest wealth machine in the history of the world if left to its own devices and not to central planners (fiscal, monetary and regulatory policy).



Peter Boockvar
Managing Director, Chief Market Analyst
The Lindsey Group LLC
peter -at-

Category: Humor, Markets, Really, really bad calls

Dilbert Does Keynes

Inspirational words: Source: Dilbert

Category: Humor, Philosophy

The Think Tanks

Source: No Exit

Category: Humor, Politics, Really, really bad calls, Taxes and Policy

Letterman was once a religion . . .

It used to be a religion. That’s right, late night started with Steve Allen, matured with Johnny Carson and ended with David Letterman. There are people on at 11:35 now, even 11 and 12:35, but they’re poseurs, inheritors of a throne no one pays fealty to anymore, despite a fawning press gushing in adulation, trying…Read More

Category: Humor, Television, Think Tank

The Throne of England Is Yours

I understand there is an election in the UK soon:   Source: xkcd    

Category: Humor, Politics, Technology

30 Signs You’re On Financial Twitter

Thirty Signs You’re On Financial Twitter 30. You unintentionally know more about Greece than you had ever thought possible 29. Joe Weisenthal is your alarm clock 28. You wish David Tepper, Bill Ackman, Michael Lewis and Retired Bernanke would show up here already and engage 27. You watch a guy switch his avatar to a pic of a hot girl…Read More

Category: Financial Press, Humor, Web/Tech

Warren Buffett Buys the World A Coke

You just want to give the guy a hug!


Source: Fortune

Category: Corporate Management, Humor, Video

When Giants Fan Met Dodgers Fan

I found this to be a delightful, charming series:

Category: Humor, Sports, Video, Weekend

Full Speech: Obama at the Correspondent’s Dinner

Be sure to stick around through the 13:40 mark, when Luther, Obama’s anger translator, comes on . . .

Source: Washington Post

Category: Humor, Politics, Video

Source: xkcd

Category: Film, Humor, Media, Weekend