This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Five Dumbest Things on Wall Street: Nov. 6

Macy's Phillies Faux Pas

The morning after the Yankees took a commanding 3-1 lead in the World Series on their way to winning the title, The Philadelphia Inquirer ran an advertisement from Macy's (M - Get Report) congratulating the Phillies on repeating as world champions.

Well, it's not exactly "Dewey Defeats Truman," but it certainly is dumb enough to make our list.

The nearly full page ad on the back of Monday's front section features a Phillies T-shirt, the Commissioner's Trophy and the phrase ''Back To Back World Series Champions.'' The ad encourages fans to show their Phillies pride and "celebrate their World Series win with championship gear from Majestic and Nike (NKE - Get Report)."

Ironically, it also contains a small disclaimer at the bottom saying, ''Advertised items may not be at your local Macy's.'' Trust us, they won't be.

After realizing its mistake, The Inquirer apologized to readers for the mix-up, saying it "deeply regrets this error."

"Macy's is a great corporate citizen, supporter of this region and our sports teams. We apologize for this error and any inconvenience this caused," said Vice President of National Advertising Howard Griffin in a statement.

If the paper had been smart, it would have simply run an ad quoting Yankee legend Yogi Berra, who once said, "It ain't over 'til it's over."

Sorry Phillies fans. It's over now.

Dumb-o-meter score: 80 -- Another Yogism: "In baseball you don't know nothing." Kind of like the stock market.
4 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
EBAY $29.10 0.34%
K $69.27 0.86%
LZB $27.32 0.74%
M $39.99 -0.97%
NKE $134.33 0.15%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs