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 New Stock Market Terms:
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0 J. l& x' q4 Q, m! M$ jCEO -- Chief Embezzlement Officer.
' o, U/ ~( J H; A, o! ^# y* qCFO -- Corporate Fraud Officer.
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. 2 g, y8 y, C/ L0 m; W
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. ' q6 K/ S+ G4 J5 r! `8 }9 {
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VALUE INVESTING -- The art of buying low and selling lower.
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P/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. 6 ], I9 n# {- Y" @6 O m: @& A
$ ?+ v- Y" W3 B8 L$ g& NSTANDARD & POOR -- Your life in a nutshell. / r6 X4 t4 J# l
: A) o& e% l; T" y0 Y4 {STOCK ANALYST -- Idiot who just downgraded your stock.+ P, m* Z0 n" f2 r
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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. . j2 [1 V9 d# R. ? t
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MARKET CORRECTION -- The day after you buy stocks.
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CASH FLOW -- The movement your money makes as it disappears down the toilet. ) Z _! {6 A/ D. N7 ]. C" F9 I
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YAHOO -- What you yell after selling it to some poor sucker for $240 per share. : i% \ Z }) ]5 h6 }& j* D: X
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WINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. # I p! [! ~$ f9 |4 l+ I
# K; U# t. [8 W! E1 H/ B NPROFIT -- an archaic word no longer in use.7 v @% k+ C* G& ]( r) b3 }
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If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.
" `$ W: @% c4 M1 X: m e. UWith Fannie Mae, you would have $2.50 left of the original $1,000.1 F- b2 q1 B( T% N
With AIG, you would have less than $15 left.! E) B: v8 e1 `0 D
But, 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 $214 cash. ' k9 ?. _% c5 o3 K7 a
Based on the above, the best current investment advice is to drink heavily and recycle.
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What is the difference between a Wall Street Stockbroker and a pigeon?
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A pigeon can still make a deposit on a Mercedes.
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4 \' b. \- O4 X9 b$ C. m g) WPoliticians and diapers have one thing in common...
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7 g) Z, c5 V0 ]3 |) @9 U4 u ...they should both be changed regularly and for the same reason. |
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