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 New Stock Market Terms:4 Q5 R: T5 e( Z+ p; V/ V
! n* r7 O( d6 `4 h. V/ b( B9 dCEO -- Chief Embezzlement Officer. , X/ v9 e2 e5 y, d4 {
CFO -- Corporate Fraud Officer.
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. 5 t5 Q- w! H3 T0 |
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.
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% F) i: J; i3 E8 KVALUE INVESTING -- The art of buying low and selling lower.
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- L" n/ H' D: R3 r6 ?7 zP/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. 1 `% Z' Q! K- w
1 {2 M v Y) f/ G" b0 p* b0 [BROKER -- What my broker has made me. 1 Q3 c. F& `% S
0 \- L5 b+ D! T9 _: R. b+ k; vSTANDARD & POOR -- Your life in a nutshell.
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2 v* Z- b8 ?9 N) _( A& ^STOCK ANALYST -- Idiot who just downgraded your stock.. E2 e0 F# e7 v7 J" v- R3 p; e: z2 w
7 F8 P9 K( E3 n* @7 fSTOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. 6 ]8 Z7 b6 e* ?
" q# `' u v# T5 rFINANCIAL PLANNER -- A guy whose phone has been disconnected. 2 o$ G, j% H' w5 X
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MARKET CORRECTION -- The day after you buy stocks. * O$ K6 Y4 n/ ]: t4 _# j
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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. $ Q9 ^( j+ w& q. x8 J2 ^4 P
* x- ] c3 j' l3 L M8 x8 TWINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share. a2 ^/ ?3 g" y
. G5 \7 I7 n* m! D- sINSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
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& M2 l0 q. `& i# f+ jPROFIT -- an archaic word no longer in use.) L7 D" }( f# k3 K1 F
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If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.
' p% a8 Q6 O) _* a( B0 tWith Fannie Mae, you would have $2.50 left of the original $1,000.7 Z. A9 J% k2 n0 w
With AIG, you would have less than $15 left.
% u* M. ], S' @/ u3 yBut, 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 $214 cash. 4 |# U! F7 S* m$ f d9 h
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.4 e" z- X8 q% u! } _6 K
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: I) f3 h z. x1 u, nPoliticians and diapers have one thing in common... ' b- k; u9 S' I% a$ D( P6 h
! F9 H) O( g; U/ F: o" V; i; ? ...they should both be changed regularly and for the same reason. |
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