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Steve Tytler Quote

rose-colored-coolaidrose-colored-coolaid
edited October 2007 in Seattle Real Estate
Not to pick on Steve, because I think we value his opinion. I especially value that he's got the guts to come on forums like this where public opinion can sway on a daily basis. But, I enjoyed this quote from him.

Steve Tytler wrote:
My predictions are based on personal experience and my gut instincts, not on chart analysis. In the stock market chart watching is called "technical analysis" .. some people swear it works, others prefer fundamental analysis.

Steve, you've just defined truthiness.
Stephen Colbert wrote:
That's where the truth lies, right down here in the gut. Do you know you have more nerve endings in your gut than you have in your head? You can look it up. Now, I know some of you are going to say, "I did look it up, and that's not true." That's 'cause you looked it up in a book. Next time, look it up in your gut. I did. My gut tells me that's how our nervous system works.

Comments

  • laxtosnocolaxtosnoco
    I love Colbert; as he notes his show is "what Lincoln would have watched."

    As for the data, I hate to pick on Tytler because I do like reading his contributions to this site. However, I am astounded that he would make this point. If any kind of historical or fundamental analysis is useless, why in the heck do I need a real estate agent? I bet my gut has as many nerve endings as his.
  • TJ_98370TJ_98370
    Any journalist / authority / official / business leader who has any kind of credibility amongst the readership in the MSM know that they have varying ability to influence market psychology and public opinion. An extreme example of this is how a short statement from Alan Greenspan can result in drastic changes in the stock market.

    As Mr. Tytler has a soapbox and is an owner of a mortgage company it is natural for him to put the most positive spin that he can on the current state of the real estate market. It is in his own best interest to do so. It is naïve to believe that he would do otherwise.
  • rose-colored-coolaidrose-colored-coolaid
    Yes, it would be naive. Which leads to my next point. Tim, you've got a small soap box. You should use it and your gut to figure out what public opinion will help you the most. Then let the world know what your gut has told you.

    Unless it tells you it's hungry. I don't really want to hear about that.
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