A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006. Now a Popeye's fast food restaurant on Google Maps.

Recent entries:
“Turducken is the Russian nesting doll of holiday meals” (11/26)
“The cure for everything but death” (black seed oil or Nigella Sativa) (11/26)
Entry in progress—BP (11/26)
“I used to be addicted to Thanksgiving leftovers. I had to quit cold turkey” (11/26)
“I consider myself a moral person. That’s why I only eat turkeys that have exhausted appeals” (11/26)
More new entries...

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Entry from March 29, 2010
“Up a staircase, down an elevator” (Wall Street adage)

"Up a staircase, down an elevator” means that a market rises slowly (stairs) and falls quickly (elevator). The saying has been cited in print since at least 2007.

A similar saying is: “The bull walks up the stairs and the bear jumps out the window.”


Argentina Private
Hunt99
03-02-07, 21:45
Remember, stocks go up a staircase, but tend to go down an elevator. Downtrends tend to be shorter and sharper than uptrends.

Kiplinger Personal Finance (May 2007)
Going Long: What’s behind the SELLOFF
By Jeremy J. Siegel
Up a staircase, down an elevator. This is an old Wall Street expression for what happens when a steady climb in the stock market ends.

Money Marketing
Staircase to heaven
By James Abate
29 March 2010
An old Wall Street saying is “Up a staircase, down an elevator”. Clearly, 2008 and the first months of 2009 was as down an elevator experience as that last seen during the Great Depression.

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New York CityBanking/Finance/Insurance • (0) Comments • Monday, March 29, 2010 • Permalink