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 New Stock Market Terms:
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CEO -- Chief Embezzlement Officer.
; b9 S' ?. q2 r+ H" U% S3 C% pCFO -- Corporate Fraud Officer. 8 h* J: e, ]9 T ]9 h: B
- R. F. f" @3 p+ ]5 {# i2 sBULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. # x$ r8 u* j9 d! L
BEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex. 3 g' S8 S+ O7 J* H: q4 i
( U0 \9 g* k) @VALUE INVESTING -- The art of buying low and selling lower.
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0 X- D" \* y/ VP/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.
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2 _. O" P0 k* h$ ~: jBROKER -- What my broker has made me.
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STANDARD & POOR -- Your life in a nutshell.
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STOCK ANALYST -- Idiot who just downgraded your stock.# g) D: F5 y+ f4 {+ R
) z7 _- A N/ e( C+ DSTOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. % @7 K+ l l0 V V5 v, F! n
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FINANCIAL PLANNER -- A guy whose phone has been disconnected. ( S c( H6 y: K; e. v3 q$ z
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MARKET CORRECTION -- The day after you buy stocks. + }# [7 B' G; N+ r S4 @
) b* F" H! I8 o& g" @: ]CASH FLOW -- The movement your money makes as it disappears down the toilet. 0 w# z+ j( K( J9 h0 B+ J
) v$ z) |9 h3 y6 b# \7 n' b5 ^" W! x" W5 O6 pYAHOO -- What you yell after selling it to some poor sucker for $240 per share.
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" u) r! h2 n( O+ ^: PWINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. 7 ^0 a6 }# _ Y8 a0 G4 q6 u! \/ [+ R
" R/ L6 |$ o L0 k, {) o) C mPROFIT -- an archaic word no longer in use.* ~6 Q3 H- n7 _+ D8 A5 o7 P8 ~# p
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) n3 v1 n+ p$ Y, B, D& J! uIf you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.5 q0 A3 J; @* Z3 g) ?' Q
With Fannie Mae, you would have $2.50 left of the original $1,000.
: v. b4 h* U kWith AIG, you would have less than $15 left.9 L/ @2 N& l, H6 N% n8 w' y$ T2 y5 D
But, if you had purchased $1,000 worth of beer one year ago, drunk all of the beer, then turned in the cans for the aluminum recycling REFUND, you would have $214 cash. ( p& s6 U+ A; P/ K: Q0 h4 ^: r
Based on the above, the best current investment advice is to drink heavily and recycle.
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% G* ]& X$ ` E; F1 \What is the difference between a Wall Street Stockbroker and a pigeon?
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# v! [% @7 \/ i( X+ @ A pigeon can still make a deposit on a Mercedes.
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Politicians and diapers have one thing in common... , G; I. y7 R, X
) G# H4 }2 _( M ...they should both be changed regularly and for the same reason. |
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