walk the street up or down
German translation: der Wall Street mitteilen, dass die Prognosen zu niedrig oder zu hoch sind
| 10:29 Aug 19, 2019 |
| English to German translations [PRO] Law/Patents - Finance (general) / disclosure policy | |||||||
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|  Selected response from: D. I. Verrelli Australia Local time: 06:14 | ||||||
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| 3 | der Wall Street mitteilen, dass die Prognosen zu niedrig oder zu hoch sind |
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| U.S. finance sector usage |
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| Discussion entries: 3 | |
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Answers
2 days 2 hrs confidence: 
der Wall Street mitteilen, dass die Prognosen zu niedrig oder zu hoch sind Explanation: Attempted translation of the substantial meaning, based on my Reference post. However, it loses the metaphorical flourish of the source text. Also noting that the definite article should be included in front of "Wall Street" in German. https://www.proz.com/kudoz/english-to-german/finance-general... "Die Wall Street hat gestern nach der Einigung zwischen Kanada und den USA [...]." https://www.finanznachrichten.de/nachrichten-2018-10/4491453... "Die Wall Street hat gestern schon einen starken Schluck aus der Pulle genommen, kann das heute so weiter gehen?" https://www.nachrichten-fabrik.de/news/heute-wieder-happy-fr... "Die Wall Street hat gestern Nachmittag den DAX mit sich nach oben gezogen." https://www.finanznachrichten.de/nachrichten-2018-07/4424301... -------------------------------------------------- Note added at 2 days 18 hrs (2019-08-22 04:37:56 GMT) -------------------------------------------------- Alternative version: "der Wall Street vorzeitig mitteilen, dass ihre Prognosen zu niedrig oder zu hoch sind". The point of this is that it's OK to release information (indeed sometimes it's even obligatory), but it mustn't be done before the appropriate time. -------------------------------------------------- Note added at 3 days 18 hrs (2019-08-23 05:00:26 GMT) -------------------------------------------------- I acknowledge the helpful contribution of Thomas Pfann (in the Discussion section). |
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Reference comments
2 days 2 hrs |
| Reference: U.S. finance sector usage Reference information: This seems to be a 'Wall Street'-ism. "Corporate Governance" "Duke Energy Corporation Regulation FD: Policy Regarding Communications With Analysts, Securityholders and Others" "No Authorized Spokesperson shall provide “comfort” with respect to an earnings estimate or otherwise "walk the Street" up or down (i.e., suggest adjustments to an analyst’s estimates). If an analyst inquires as to the reliability of a previously, publicly disseminated projection, the spokesperson should follow the “no comment” policy." https://www.duke-energy.com/our-company/investors/corporate-... "Speech by SEC Staff: Regulation FD – An Enforcement Perspective by Richard H. Walker" "The materiality of earnings guidance is the single item that has garnered the most attention and therefore is worth discussing today in somewhat greater detail. Numerous issuers, and others, have asked what they can say in this regard. [....] The adopting release contains a sentence that I hope is by now familiar to everyone here. It states: "If the issuer official communicates selectively to the analyst nonpublic information that the company's anticipated earnings will be higher than, lower than, or even the same as what analysts have been forecasting, the issuer likely will have violated Regulation FD." Many have asked, "does this mean we cannot walk the Street up or down?" and "under what circumstances can we confirm prior guidance?" The first question is easier to answer than the second. In short, walking the Street up or down is almost certainly prohibited and can no longer be done privately. I'm hard-pressed to think of a scenario where the reasonable investor would not be interested in knowing whether an analyst's forecast is too high or low, if even by a penny, under current market dynamics. Confirming prior guidance raises a tougher issue. [....]" https://www.sec.gov/news/speech/spch415.htm FD = "Fair Disclosure" https://en.wikipedia.org/wiki/Regulation_Fair_Disclosure https://www.sec.gov/fast-answers/answers-regfdhtm.html From all of this, "walking the Street" can be interpreted as a figurative expression meaning to guide "the Street", which I interpret literally as "Wall Street", and broadly as "(potential) investors, pundits, and other stakeholders". Here "walk" is being used in a 'causative' sense (cf. http://www.koreanwikiproject.com/wiki/Causative_form ), as in to cause the Street to walk (in a certain direction), analogously to the way one may "walk a dog". Of course, the correct interpretation is not literal walking, but figuratively "moving" — changing their mind, hence changing their 'position' (firstly in the sense of opinion/stance, but secondly as in a financial position). It also can be viewed a bit like metaphorical expressions involving "to hold someone's hand", "to take by the hand", "hand-holding", all connoting guidance. (Because to "walk somebody" you may very well hold their hand.) "Up or down" is referring to the direction of the guidance. So, "to walk the Street up" would be to provide guidance that Wall Street's erstwhile estimates/predictions are too low, and should be increased. Conversely, "to walk the Street down" would be to provide guidance that Wall Street's erstwhile estimates/predictions are too low, and should be increased. I interpret Wall Street ("the Street") as a stand-in representing investors, fund-managers, commentators, pundits, and so on. The speech by Richard H. Walker refers to "analysts" and "investors". -------------------------------------------------- Note added at 2 days 2 hrs (2019-08-21 12:47:36 GMT) -------------------------------------------------- The other part of your source text — "provide “comfort” " — presumably refers to the middle ground alluded to by Richard H. Walker, namely "Confirming prior guidance". That is, providing guidance that Wall Street's erstwhile estimates/predictions are (approximately) correct [and so should not be increased or decreased]. |
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