BBO Discussion Forums: New Wall Street Jargon - BBO Discussion Forums

Jump to content

Page 1 of 1
  • You cannot start a new topic
  • You cannot reply to this topic

New Wall Street Jargon Will honesty take over - not!

#1 User is offline   Winstonm 

  • PipPipPipPipPipPipPipPipPipPipPip
  • Group: Advanced Members
  • Posts: 17,207
  • Joined: 2005-January-08
  • Gender:Male
  • Location:Tulsa, Oklahoma
  • Interests:Art, music

Posted 2007-March-07, 22:41

The CEO of D.R. Horton, a large homebuilder, made headlines today when talking to a CitiBank convention about the future of the homebuilding market:

Quote

"I don't want to be too sophisticated here, but 2007 is going to suck, all 12 months of the calendar year,'' Tomnitz said.



This made me wonder if we are ushering in a new era of Wall Street honesty, with analysts using new terminology for upgrades and downgrades.

Reuters: Today, Morgan Stanley downgraded K.B. Homes to "it sucks" from "just godawful." In other news, Goldman Sachs upgraded Crocs from "your an idiot to own this" to "good luck with this turkey."

Is this a new wave of Wall Street integrity? Would you like an option on that wager?
"Injustice anywhere is a threat to justice everywhere." Black Lives Matter. / "I need ammunition, not a ride." Zelensky
0
Page 1 of 1
  • You cannot start a new topic
  • You cannot reply to this topic

1 User(s) are reading this topic
0 members, 1 guests, 0 anonymous users