16 Wall Street Cliches in 60 Seconds
Pundits say a lot of things about the markets. Let’s see if you can keep up.
Please refer to our transcription below if it is easier and/or more convenient for you:
- Buy the rumor and sell high because
- there’s no such thing as a free lunch.
- Prediction is difficult
- but never catch a falling knife.
- Cut your losses,
- no one ever went broke taking profits.
- As Mark Twain said, “October is a peculiarly dangerous month to speculate in stock. The others are July, January, September, April, November, May, March, June, December, August and February.”
- Sell in May and go away.
- Bull markets climb a wall of worry and
- bear markets decline on a slippery slope of hope
- but remember pigs get slaughtered
- and everyone looks like genius in a bull market.
- Be fearful when others are greedy and greedy when others are fearful.
- Just make sure you don’t fight the tape.
- When the tide finally goes out, you’ll find out whose been swimming without a bathing suit
- and make sure you know where your money is at the closing bell.
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