This is Wall Street’s equivalent of “Other than that Mrs. Lincoln, how was the play?”
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.
If you’re expecting earnings to beat expectations, you don’t know what the word “expectations” means.
Boy who cried wolf, meet analyst who called crises.
This is the equivalent of saying someone has more mothers than fathers. There’s exactly one buyer and one seller for every trade.
You’re also an oxymoron.
Unlike everyone else, who are just dying to set their money ablaze.
This is said so frequently that it has to be untrue most of the time.
Stop it, you’re just making stuff up. “Stocks are down and no one knows why” is the only honest headline in this category.
Go to Morningstar.com. Look up that guru’s track record against their benchmark. More often than not, their career performance lags an index fund. Stop calling them gurus.
He knows a mortgage is renting money from a bank, right?
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