“Even though your friend likes the stock thinking people will always need underwear, we have a Sell on the stock, it’s still very, very discretionary spending.”
Broker on the phone to a client.
“Should I ask my girlfriend to live with me?”
“Not if you want to make her happy.”
Floor conversation.
“I decided to bring my lunch in, instead of buy it. Times are tough.”
“What have you got?”
“Lobster.”
Floor conversation.
“This market is worse than divorce. I’ve lost half my wealth, but I still have my wife.”
Broker on the phone to a client.
“The guy says…I need you to…and then he stops because he has to think and talk at the same time.”
Floor conversation.
Floor conversation.
“I’ll do it mate, you can pay me money to do it, but you’re not going to make any money out of it” (more…)
Many investors are familiar with the skirt length stock market theory or indicator, where the current fashion for length of skirts determines which way the markets will go. The flappers during the roaring 20’s had very short dresses, and the stock market was roaring. During the depression of the 1930’s, the length of skirts and dresses dropped. During the 1960’s, the mini-skirt came out and the stock market took off. Then floor length dresses came into vogue, and stocks tanked. And so on.