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 New Stock Market Terms:
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7 C) }' {, X1 Q* s% x/ rCEO -- Chief Embezzlement Officer.
: C8 a* ]. G5 A XCFO -- Corporate Fraud Officer.
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
8 j! }2 P# A9 @$ ^! ^0 N8 ~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. , W& ]! s" L2 ]+ _, Y
: l" T$ F& D& J3 Q; i! \8 {VALUE INVESTING -- The art of buying low and selling lower. & i" P$ H3 m: a7 a: d; ^0 E, J; u
& C, \. [& }9 S$ q" L! H' C) t6 MP/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. . d$ S# z; E$ J
$ z4 t& A& ?% w9 b( }8 wBROKER -- What my broker has made me. * I- U& w2 F# v# \+ T' G* V0 A
0 Q, ]# U3 l' G9 C" s' |: KSTANDARD & POOR -- Your life in a nutshell. . Z5 W; j9 X0 `7 X% V0 [
5 I2 ^2 _' C5 T9 g$ OSTOCK ANALYST -- Idiot who just downgraded your stock.; [5 ^8 K+ z% X4 L2 M/ I0 t- L
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STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. * _* R( M( J% `5 P
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FINANCIAL PLANNER -- A guy whose phone has been disconnected.
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MARKET CORRECTION -- The day after you buy stocks. : g/ }, V% P4 S# p/ n8 H. n0 ]
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CASH FLOW -- The movement your money makes as it disappears down the toilet.
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YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
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WINDOWS 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. $ k$ h$ ^: ^3 `0 c9 w
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PROFIT -- an archaic word no longer in use.
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: w) I7 j5 }6 l5 Q3 j. C& T) jIf you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left., x& |, ^3 Z% `3 e* E
With Fannie Mae, you would have $2.50 left of the original $1,000.
+ ]" J ^$ O" K; B* HWith AIG, you would have less than $15 left.
/ C9 n/ ~( M) n z. _0 [* iBut, 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 $214 cash. ! p8 ]1 s$ ^, j4 l' E- b
Based on the above, the best current investment advice is to drink heavily and recycle.
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What is the difference between a Wall Street Stockbroker and a pigeon?
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A pigeon can still make a deposit on a Mercedes.: b* K2 [+ Z9 ~5 [6 c+ w' z) H
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Politicians and diapers have one thing in common... 3 Y, s3 X8 U2 w9 n G
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...they should both be changed regularly and for the same reason. |
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