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 New Stock Market Terms:
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CEO -- Chief Embezzlement Officer.
! E" t& m* ]9 C9 e2 k4 M$ PCFO -- Corporate Fraud Officer.
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. 6 u" P0 z! X/ N. M* N5 b
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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7 D7 ]4 N) {1 d+ |# G5 D6 v" Y) wVALUE INVESTING -- The art of buying low and selling lower. 2 ]2 t# H' Z& z
- t9 i0 Q: t4 c; o$ U6 AP/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.
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BROKER -- What my broker has made me. 9 i4 R& F: t% o, ]; r& L6 z) f% ~
! ~4 s+ b3 h/ d' c3 ASTANDARD & POOR -- Your life in a nutshell.
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STOCK ANALYST -- Idiot who just downgraded your stock.1 d0 k, P" C! a8 D: {6 d
7 ^( K/ }& @; y$ J9 K# USTOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. 3 K6 E Y0 ?; v% k7 X
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FINANCIAL PLANNER -- A guy whose phone has been disconnected.
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5 o S$ e% y& V* `% R+ uMARKET CORRECTION -- The day after you buy stocks.
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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.
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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.- R c6 K+ o+ E
With Fannie Mae, you would have $2.50 left of the original $1,000.% G4 g- M7 a2 D1 _' t. o
With AIG, you would have less than $15 left.
7 @; v, o' Q& n. S4 oBut, 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 $214 cash.
+ i2 ~; R) `( {0 o2 UBased on the above, the best current investment advice is to drink heavily and recycle.
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What is the difference between a Wall Street Stockbroker and a pigeon? 4 F/ y1 p. [$ w5 {- Y" Y# w
7 Q9 {! W. s; }" d$ d1 M1 Z A pigeon can still make a deposit on a Mercedes.
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Politicians and diapers have one thing in common...
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...they should both be changed regularly and for the same reason. |
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