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 New Stock Market Terms:* W* h: e! H$ N" \6 H+ o
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CEO -- Chief Embezzlement Officer. : T) o3 c) Q. g. g8 T
CFO -- Corporate Fraud Officer.
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
+ s" m9 K% M$ Q6 rBEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex. 8 x/ D/ x- m) ^, ]% r I
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VALUE INVESTING -- The art of buying low and selling lower. 4 H' c2 ]4 A2 W$ K1 ~* ~
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P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.
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, |0 U4 n0 e' [( N( gBROKER -- What my broker has made me. ; |' }1 k4 c6 \' n$ ~+ U
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STANDARD & POOR -- Your life in a nutshell. # U; B" q7 x$ J" s
2 ?, G1 J. z: j8 _& RSTOCK ANALYST -- Idiot who just downgraded your stock.. ~- h8 o1 \1 b! v7 n, p
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STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.
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FINANCIAL PLANNER -- A guy whose phone has been disconnected. ' e5 w6 ]( l( L/ x Q
* U( Y" h0 ~7 Q; j* f8 VMARKET CORRECTION -- The day after you buy stocks. ) f: m w+ J+ s5 ] J- S& x2 ^/ b
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CASH FLOW -- The movement your money makes as it disappears down the toilet. & g8 Q1 o: E- Y1 q5 a$ M V9 j
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YAHOO -- What you yell after selling it to some poor sucker for $240 per share. 9 a z0 q" H/ w7 z2 a/ _
; e4 H: b' @( u2 ?1 ^WINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. 9 s* @, r% H. J) E3 H4 i6 D. n
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PROFIT -- an archaic word no longer in use.
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9 W5 e3 V+ l8 m0 T$ b. `If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.6 K$ K3 ?- {6 g% x
With Fannie Mae, you would have $2.50 left of the original $1,000.+ t- e T: R* |+ B Z. s
With AIG, you would have less than $15 left.
8 \' S; k: v5 v$ dBut, 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 $214 cash.
4 M. u6 j' t6 H" f7 X6 ^. vBased on the above, the best current investment advice is to drink heavily and recycle.
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- L1 R$ Z1 ^5 \, s5 k( w& b% K+ AWhat is the difference between a Wall Street Stockbroker and a pigeon? . h8 y: S6 e/ h
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A pigeon can still make a deposit on a Mercedes.9 ?2 P5 y% s/ M# q7 _! P
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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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