*** OT ***
This is good:
Street Slang Exposed
By James J. Cramer
7/12/99 12:32 PM ET
Look out, guests on TheStreet.com! I have a glossary of
what Wall Street-speak really means, and I may have to
throw it at you if you get out of line.
Don't know what I'm talking about? Let me give you some
examples. When someone says he thinks the market will be
"range-bound" that is an indication he is clueless. I won't
allow that term on my watch. Same with "directionless."
That means "beats me." Don't spew that garbage when I am
on.
"Pivotal" is no different -- as in, next week will be a "pivotal"
week. No kidding. Is it going to be up or down? What will be
the direction of the market? Who cares about the pivot?
No "dead-cat bounces." Aside from being politically incorrect
to my six cats at home (Happy, Buddy, Lucky, Dina, Mannix
and Kojak, for those who must know), that phrase means "I
don't know why it's going up, and I have to say something."
Also no "short-covering rally." That means "It is going up
without me, and I don't believe it should." Or "profit-taking"
as an explanation for a selloff means "It is going down, but
I'm not selling and I hope you don't."
The excuse of "volatility" says "I'm getting killed on the
downside, and I'd prefer not to admit it, so I call it volatility."
Finally, you hype a stock, I am going to ask you where you
would sell it. No pump and dump on TheStreet.com -- TV or
Web site, for that matter. |
