Pundits are notorious for using phrases and cliches that make them sound intelligent but don’t really tell you anything. Many of these cliches have been used for decades now so I thought it was time for some updates to reflect the sentiment during the latest cycle.
For example, ‘It’s a stock-picker’s market’ can now be updated into ‘It’s an ETF-picker’s market.’
Here are some more:
Original: There are more buyers than sellers.
Updated: There are more passive investors than sellers.
Original: I’m cautiously optimistic.
Updated: I’m recklessly pessimistic.
Original: Stocks take the stairs up and the elevator down.
Updated: V-shaped recoveries take the elevator down and the elevator up.
Original: Buy when there’s blood in the streets.
Original: Stocks fall on profit-taking.
Updated: Stocks fall as the world is about to end.
Original: Stocks rise on bargain-hunters.
Updated: Stocks rise on dead cat bounce.
Original: Don’t chase yield.
Updated: Don’t chase negative yields.
Original: The easy money has been made.
Updated: The easy money was painful at the time.
Original: I’m constructive on the stock market.
Updated: I’m constructive on the next Black Swan.
Original: Sell in May and go away.
Updated: Sell in 2011 and complain about the Fed.
Original: Cash on the sidelines.
Updated: Negative-yielding bonds on the sidelines.
Original: It’s not a stock market; it’s a market of stocks.
Updated: It’s not a stock market; it’s a market of ETFs and index funds.
Original: Don’t fight the Fed.
Updated: Ok, this one is still don’t fight the Fed.
Original: The trend is your friend.
Updated: The short squeeze is your trend.
Original: Buy the rumor, sell the news.
Updated: Buy the insider trading, sell the Tweet.
Original: Never catch a falling knife.
Updated: Never follow Ackman to short Herbalife.
Original: The four most dangerous word in investing are this time is different.
Updated: The four most dangerous words in investing are Gartman is getting bullish.
Original: Everyone has a plan until they get punched in the face.
Updated: No one has a plan that relies on motivational quotes.
Original: Stocks climb a wall of worry.
Updated: Stocks climb a wall of Fed manipulation.
Original: No one ever went broke taking profits.
Updated: Everyone went broke listening to Zero Hedge.