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 New Stock Market Terms:. }$ p6 x k6 d/ s3 E; s& z3 j
! ~4 d" S: t$ T, ^CEO -- Chief Embezzlement Officer.
2 a! m& u0 T: W* hCFO -- Corporate Fraud Officer.
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3 ?; ?* \& \5 \4 kBULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. . L* A- {* |6 ]+ I. d
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. % {; y: u7 \0 ~, @& y
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VALUE INVESTING -- The art of buying low and selling lower. / `( t t R' b# L+ A3 R+ \
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P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. . E/ z' B$ x. x/ N- j
9 A) s6 l1 C! qBROKER -- What my broker has made me.
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STANDARD & POOR -- Your life in a nutshell. $ U( x) j- b( W3 M
2 z. {, R. {6 c9 l' I- o7 aSTOCK ANALYST -- Idiot who just downgraded your stock.8 `# e$ f1 r7 }" L! Q; O8 F, \
@) Y& _- \. ?! o# P/ K* OSTOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.
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% z% p3 S- E: o2 D2 n* nFINANCIAL PLANNER -- A guy whose phone has been disconnected. 7 w: x0 p. V9 G) V
$ B, L& e- n4 M8 l% gMARKET CORRECTION -- The day after you buy stocks.
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CASH FLOW -- The movement your money makes as it disappears down the toilet. 3 h! j/ b: } ]) W+ d( J
( B& k" V! |9 A7 x5 r% |* w# g( hYAHOO -- What you yell after selling it to some poor sucker for $240 per share.
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% ~. [/ H7 ]5 g. L+ QWINDOWS 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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5 y) c# ]& Z3 Z# M7 n4 JPROFIT -- an archaic word no longer in use.2 K: F) P2 k* `: B+ Z/ a8 K' t! \
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9 M- ]8 }8 n9 Y& IIf you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.
) e+ l }9 J# i8 H- r% ]With Fannie Mae, you would have $2.50 left of the original $1,000.0 e( |7 h3 T& b& ? V1 F; R
With AIG, you would have less than $15 left.
7 `* n& @, ^: e5 }) v1 CBut, 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.
$ T6 ~3 G3 _! v. M. `' }5 `1 KBased on the above, the best current investment advice is to drink heavily and recycle.# I1 k; h' t. Z* V
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1 j0 ~* Z) R) z, QWhat is the difference between a Wall Street Stockbroker and a pigeon?
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8 L5 ]6 s- D$ ^" P/ y( c+ O+ [ A pigeon can still make a deposit on a Mercedes.( @' ~, @3 F% U1 p! J
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: g% o$ x- I) P) ]. T/ B% yPoliticians and diapers have one thing in common... 3 T* {# {4 g# l# m
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...they should both be changed regularly and for the same reason. |
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