“Take a wait-and-see approach”
General: A perennial favorite.
When to use it: Any time you don’t have the balls to make any predictions or recommendations whatsoever.
Why it’s smart-sounding: It sounds prudent and cautious. It sounds appropriately skeptical. It plays to the viewer’s sense that, somehow, things are more uncertain now than they usually are. (Absurd–the future is always uncertain.) It sounds like there’s a specific event or events that you’re waiting for that will suddenly turn you into the Donald Trump of Conviction, instead of suggesting that you’re just perpetually wishy-washy. But it doesn’t actually specify what this event or events are.
Why it’s meaningless: It means nothing. How long are you going to wait? What are you waiting for? Why, when what you’re waiting for finally arrives, won’t everyone else see it at the same time and bid prices up or down? Why will the future be any less uncertain tomorrow, or next week, or next year, or whenever it is you’re planning to “wait-and-see” until? What are you waiting for?