It’s both a CYA and a joke. Anyone who says anything about the stock market online begins with the statement that “this should not be constituted as investment advice,” e.g. here and here (two examples pulled from top of google search).
There is assumedly a legal reason that this disclaimer came into practice, e.g. if I wrote something and you did it and you lost money you might sue me, so I am obliged to tell you that A) I am not giving you advice and B) you should not take it!
Anyone who says anything about the stock market online begins with the statement that “this should not be constituted as investment advice
...which is why I thought it would be much funnier if someone wrote “Everything I’m about to say constitutes official investment advice” on their econblog posts or “We don’t care about your privacy” on cookie disclaimers and having most people misread it as the regular stuff. I’m surprised nobody is doing this, considering the low legal risk provided by online anonymity.
It’s both a CYA and a joke. Anyone who says anything about the stock market online begins with the statement that “this should not be constituted as investment advice,” e.g. here and here (two examples pulled from top of google search).
There is assumedly a legal reason that this disclaimer came into practice, e.g. if I wrote something and you did it and you lost money you might sue me, so I am obliged to tell you that A) I am not giving you advice and B) you should not take it!
...which is why I thought it would be much funnier if someone wrote “Everything I’m about to say constitutes official investment advice” on their econblog posts or “We don’t care about your privacy” on cookie disclaimers and having most people misread it as the regular stuff. I’m surprised nobody is doing this, considering the low legal risk provided by online anonymity.