{"id":50551,"date":"2020-01-15T08:35:57","date_gmt":"2020-01-15T13:35:57","guid":{"rendered":"https:\/\/olduvai.ca\/?p=50551"},"modified":"2020-01-15T08:36:03","modified_gmt":"2020-01-15T13:36:03","slug":"32-misinformation-schemes-other-tactics-used-by-wall-street-corporate-america-the-media-as-pointed-out-hilariously-by-wolf-street-commenters","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=50551","title":{"rendered":"32 Misinformation Schemes &#038; Other Tactics Used by Wall Street, Corporate America &#038; the Media, as Pointed Out Hilariously by WOLF STREET Commenters"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/wolfstreet.com\/2020\/01\/14\/32-misinformation-schemes-other-tactics-used-by-wall-street-corporate-america-the-media-as-pointed-out-hilariously-by-wolf-street-commenters\/\">32 Misinformation Schemes &amp; Other Tactics Used by Wall Street, Corporate America &amp; the Media, as Pointed Out Hilariously by WOLF STREET Commenters <\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Selected from so many Nits to Pick.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is a collection of 32 tactics, instances, misnomers, immortal fake propaganda, and even wrong-doing cropping up ceaselessly on Wall Street, in the media, in press releases, in earnings reports, and in the broader nexus between Wall Street and the media. All of them were pointed out by\u00a0<a href=\"https:\/\/wolfstreet.com\/2020\/01\/10\/the-wall-street-journal-and-other-media-should-stop-lying-about-repos\/#comment-222776\">WOLF STREET commenters<\/a>. I put them together and grouped some of them, and added some explanations in a few cases even when not needed. In no particular order:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>#1: \u201cThe moronic statements regarding \u2018money on the sidelines.\u2019\u201d<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThat \u2018money on the sidelines\u2019 thing drives me nuts. I sit around wondering how captured financial commentators must be to even entertain such concepts on such a regular basis.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cMoney on the sidelines is immortal. It has been cited all my investing life, and it will still be cited long after I\u2019m gone, to be passed proudly from generation to generation, no matter how often it gets debunked.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cI found a coin on the sidewalk once. It must be the infamous sidelines money. Just a million coins more, and I will have enough to go on vacation.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>#2: \u201cThe claptrap surrounding earnings beats<\/strong>&nbsp;\u2013 after earnings targets have been quietly but drastically reduced.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>#3: \u201cForward earnings projections\u201d&nbsp;<\/strong>to rationalize high stock prices. Everyone is doing it, even the Fed. Forward earnings projections are part of the great body of American fiction and get slashed as earnings-report dates get nearer so that the much-lowered projections can then be \u201cbeat\u201d (see #2 above). This produces the absurd situation where forward P\/E ratios are always far lower (currently 18.4 according to FactSet) than the actual P\/E ratios (currently 24.6, highest since the Financial Crisis).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>#4: \u201cThe revolving door between government and Wall Street<\/strong>&nbsp;\u2013 \u2018the swamp.\u2019\u201d &nbsp;Drain it already.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>32 Misinformation Schemes &amp; Other Tactics Used by Wall Street, Corporate America &amp; the Media, as Pointed Out Hilariously by WOLF STREET Commenters Selected from so many Nits to Pick. This is a collection of 32 tactics, instances, misnomers, immortal fake propaganda, and even wrong-doing cropping up ceaselessly on Wall Street, in the media, in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[1937,2779,28809,496,1426],"class_list":["post-50551","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-corporate-america","tag-fake-news","tag-financial-news","tag-mainstream-media","tag-misinformation"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50551"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50551\/revisions"}],"predecessor-version":[{"id":50552,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50551\/revisions\/50552"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}