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 New Stock Market Terms:
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CEO -- Chief Embezzlement Officer.
% z, f& ~8 u+ h. U4 ]CFO -- Corporate Fraud Officer.
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% J! n8 O) Y, Z) ]# o' N E- q4 z HBULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
: G3 y: w- P0 R. V) }7 TBEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex.
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) K# V. j8 \! b5 x) H* gVALUE INVESTING -- The art of buying low and selling lower. & N7 i# ]; n* ?" k9 H' {8 Q
# ^3 V0 H/ d7 h/ g oP/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. & Z# v5 h% H! L
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BROKER -- What my broker has made me.
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STANDARD & POOR -- Your life in a nutshell. 8 E3 F6 g" G( N5 G9 M4 _+ n9 N
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STOCK ANALYST -- Idiot who just downgraded your stock.
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]5 l. x' r5 n8 l4 }STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. 0 \2 m& n1 h4 B @ Y6 H
! l6 o1 c$ {1 {- r5 w% \% ?FINANCIAL PLANNER -- A guy whose phone has been disconnected. ' L+ u& R4 a2 P
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MARKET CORRECTION -- The day after you buy stocks.
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/ [) W7 s1 j! o2 ^ K* bCASH FLOW -- The movement your money makes as it disappears down the toilet. ) q4 P* X: H- g$ Y
) T( Y2 M; _& T2 `1 L& U$ b3 x8 ^+ E( \0 ]YAHOO -- What you yell after selling it to some poor sucker for $240 per share. 8 d' @& z( G# ?5 @
# a' g! B% u4 U* ~WINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.( \2 A7 t5 T, ~9 Y N4 U7 t$ L a
# {( @" o' C ~/ Y5 q+ L( ]" GINSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
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PROFIT -- an archaic word no longer in use.
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If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.+ k% f: ]+ W& K4 F: l5 N$ H
With Fannie Mae, you would have $2.50 left of the original $1,000.3 s9 f# q4 A" F$ Q, J s! }( Y
With AIG, you would have less than $15 left.
, q* \2 j0 R( q$ u# ]' U' QBut, 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 $214 cash. g6 Y! I/ C$ K/ K0 Q. K
Based on the above, the best current investment advice is to drink heavily and recycle.8 I Y, Y4 K7 N2 I. @! [: G: D4 x
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# i! L3 Y: s0 jWhat is the difference between a Wall Street Stockbroker and a pigeon? , `' e7 c' E- i: g& q
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A pigeon can still make a deposit on a Mercedes.
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* |; {8 ?' y o) p& \+ t' rPoliticians and diapers have one thing in common...
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% Q [: v( ^+ l ...they should both be changed regularly and for the same reason. |
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