Friday, June 4, 2010

If Grandma had wheels...

If grandma had wheels she'd be a bicycle.

Uh, yes, perhaps.

I was on a conference call with a fund manager this morning and don; get me wrong, he knows his stuff in his core area. But when he said this you could see the steam coming from my ears.

"If it were not for the market noise, stocks would be doing better."

Uh, yes, that's the point. Market noise is the market. Market trends are the market. Market patterns are the market.

How about saying something more useful like, "Our fundamental view does not match the market's view?"

Now, we can make the decision who to believe, you or the market.

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