[Ads-l] stock market saying?

[Baker, John]

It is a stock market saying, but usually given in somewhat different form.  Newspapers.com has it from the Abilene Reporter-News (Dec. 1, 1966), plus 93 more hits since then, in this form:

<<"One economist, according to the London Economist, chides those who say the market has predicted four out of the last five recessions for being too modest.
"'The market,' he says, 'has predicted nine of the last five recessions.'"
You don't hardly get a better percentage than that.>>

I don't have access to the Economist from that period, but that may be the original of the saying.  Sometimes it's used to denigrate economists or economic indices rather than the predictive power of the stock market.


John Baker


-----Original Message-----
From: American Dialect Society [mailto:ADS-L at LISTSERV.UGA.EDU] On Behalf Of James A. Landau
Sent: Tuesday, February 14, 2017 10:01 AM
To: ADS-L at LISTSERV.UGA.EDU
Subject: stock market saying?

http://seekingalpha.com/article/4045499-kinder-morgan-cares-trans-mountain-pipeline-expansion-cancelled?ifp=0

<quote>
I grew up hearing the saying that "the market is nervous enough to have predicted 11 of the last seven recessions."
</quote>

- Jim Landau

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