“A movement is over when the news is out” (Wall Street adage)
"A movement is over when the news is out" is an old Wall Street adage, cited in print since at least 1906. The price of an asset reflects current value, but it also reflects what is…
Archive for 02/2012
“You know you’re in a bear market when people are losing money but feeling pretty good about it”
"You know you're in a bear market when people are losing money but feeling pretty good about it. -- Wall Street Adage" has been on the "Food for thought" section on the…
“It’s the notes you don’t play that matter” (jazz adage)
A popular jazz adage has it that "it's the notes you don't play" that are as important as the ones that you do. Jazz great Miles Davis (1926-1991) is often credited with the…
Petrodollar
A "petrodollar" (petroleum + dollar) is a United States dollar earned by a country (such as an OPEC country) in the sale of its petroleum exports to another country. Georgetown University…
“Your money was working for you, but it suddenly quit and now it’s working for me!”
A cartoon in The New Yorker on November 5, 1990, by Leo Cullum (1942-2010), had a banker explain to his clients: "Your money was working for you, but it suddenly quit and now it's working…