Welcome to Financial Foot in Mouth

Unfortunately for our experts, the fact that their predictions may be expressed with admirable conviction does not always make them correct.

I believe the time has arrived for our persuasive forecasters to be held to account for some of their more wayward pronouncements – and, with your help, this website provides the opportunity to do just that.

And, to make things interesting, contributors will be entered into a quarterly competition and given the chance to win fine champagne or wine.

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Tips Should Not Be Included

We`ve Reached A Tipping Point

Quote by: Clare Hart (Vice President and Portfolio Manager of JP Morgan`s US Equity Income fund)
Quote made on: 31/03/2012
Quote Submitted by: Michael Rogers
Source: "The Daily Telegraph"

Editor's Notes

Recently, when the Dow Jones stood at 13,212.04, the “Daily Telegraph” was maintaining that America had hit “a sweet spot” and Clare Hart was explaining why “Uncle Sam has a lot more to offer British investors”.  Ms Hart felt that the investment environment was, “..a lot less hostile and some of the big weight (had) been lifted off the market – and investors` minds”, going on to say that, “At a certain point, people begin to feel better about things”.

Well, hold that feeling because, just over seven weeks on, the Dow has lost 6.37% of its value and that sweet spot has turned a bit sour.  We know it should be a marathon not a sprint but, in either race, it helps to set off in the right direction.

 

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Published on: May 21, 2012

Laffer Minute

The U.S. economy has never been in better shape. Monetary policy is spectacular; we have freer trade than ever before.

Quote by: Arthur Laffer (of Laffer Investments, and former Economic Adviser to President Reagan)
Quote made on: 2007
Quote Submitted by: Carl McColgan
Source: CNN Live

Editor's Notes

Yet another tirade against the worryingly accurate predictions of Peter Schiff back in 2007, this time seen on CNN.

It would be interesting to see how Arthur`s portfolio shaped up over the ensuing couple of years.

 

 

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Published on: May 17, 2012

Sub-Prime Is A Tiny, Tiny Blip

The Credit Crunch is way overblown. Financials are being given away; They`re so unbelievably cheap.  It`s a buying opportunity, especially for the Financials – maybe that I haven`t seen before in my whole life. Sub-Prime is a tiny, tiny blip.

Quote by: Ben Stein
Quote made on: 18/08/2007
Quote Submitted by: Carl McColgan
Source: Fox News

Editor's Notes

During a tirade against Peter Schiff on Fox News, Ben Stein also opined that, “I think stocks will be a heck of a lot higher a year from now.  The financials are super bargains” – before going on to recommend Merrill Lynch as “an astonishingly well-run company” (subsequently rescued by Bank of America).

Hey, stop equivocating and tell us what you really think, Ben.

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Published on: May 9, 2012