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 New Stock Market Terms:5 H, O9 L8 |( Y) S5 a; ^* ?& p
/ k* M. J/ \6 Z& J9 `CEO -- Chief Embezzlement Officer.
# L U1 U5 m( G$ DCFO -- Corporate Fraud Officer.
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
' T1 B* F$ L6 S% o9 R8 J) gBEAR 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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6 V, W& }, N* p" r! P( a, WVALUE INVESTING -- The art of buying low and selling lower.
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+ s7 I; s) ~6 i* W, `$ AP/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. 8 u9 u2 `! t1 f: ~1 `
$ e ^, \/ E1 d. ~BROKER -- What my broker has made me.
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STANDARD & POOR -- Your life in a nutshell. 1 C/ B- N. \1 }4 b
! J+ K7 Z, t# o, M3 FSTOCK ANALYST -- Idiot who just downgraded your stock.- s, b( U! c7 c% G
7 x5 T+ p. V; BSTOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.
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7 [6 k {0 R) G# l, @FINANCIAL PLANNER -- A guy whose phone has been disconnected.
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, z( E% G! A# y+ B4 gMARKET CORRECTION -- The day after you buy stocks.
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5 P; U! {% }% ~, `/ cCASH FLOW -- The movement your money makes as it disappears down the toilet. ) E+ [ g4 q2 W$ x; G
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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.7 ^' l9 X3 Z" z1 @
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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.* F) p% g5 }; ~8 n8 m
With Fannie Mae, you would have $2.50 left of the original $1,000.
9 F/ Y3 `; U/ zWith AIG, you would have less than $15 left.
! F0 R( d' X; p7 n* Z7 `7 V# LBut, 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 $214 cash. 0 ?' w, V* r/ y2 v2 e6 j: Q$ Z
Based on the above, the best current investment advice is to drink heavily and recycle." e" c5 s9 E; h5 R( V3 \' B4 {9 q
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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.
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Politicians and diapers have one thing in common... # R/ \; v5 W* y* s, ]( B' Z- Z
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...they should both be changed regularly and for the same reason. |
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