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Akdom Posted 17 years ago
Vocabulary
No one is taking a back-seat approach
“It’s just a continuing self-destructive market where even the slightest good news is considered negative,” said Peter I. Cardillo, chief market economist at Avalon Partners. “No one is taking a back-seat approach. Everyone is just selling.”
| Dictionary.com: 1. seat in back: a seat at the back of a vehicle |
| 2. less important role: a less important or active role |
| take a back seat (to somebody) to allow somebody else to direct or control something while taking on a relatively less important role yourself |
What does "taking a back-seat approach" mean in this context?
Top answer
I read it as definition #2. Taking a less important role. " By the way, a "back-seat driver" is someone who is in the car as a passenger, and always telling the driver where to drive and how to drive.
- I read it as definition #2.
- Taking a less important role.
- " By the way, a "back-seat driver" is someone who is in the car as a passenger, and always telling the driver where to drive and how to drive.
- They are very annoying passengers!
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1 Answers
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I read it as definition #2. Taking a less important role. People are not letting professional money managers make decisions and buy and sell stocks for them - they are making only one decision - "sell!"
By the way, a "back-seat driver" is someone who is in the car as a passenger, and always telling the driver where to drive and how to drive. They are very annoying passengers!
By the way, a "back-seat driver" is someone who is in the car as a passenger, and always telling the driver where to drive and how to drive. They are very annoying passengers!
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