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 New Stock Market Terms:
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CEO -- Chief Embezzlement Officer. & h8 u# r- t8 w8 s
CFO -- Corporate Fraud Officer. + V3 Z1 i$ ]: }: V
1 e* u( r% e7 f: k3 ?! q, S$ HBULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. + {' x% f: p8 m- I; L$ M
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. 6 t K, B0 h& p# Q" O6 Q
5 f6 \% n U& B: }9 MVALUE INVESTING -- The art of buying low and selling lower. 1 E+ b" U4 w0 t" Y! y
" q k, x: U5 B* B& }# F: B. c, }0 [2 lP/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. " \! [. i# m/ B' O
' D, _' N _; h% d' j. UBROKER -- What my broker has made me.
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! A6 C9 D" t7 |2 E1 Y5 S# kSTANDARD & POOR -- Your life in a nutshell. * ?* E( T+ C, W2 [6 h
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STOCK ANALYST -- Idiot who just downgraded your stock.
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STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.
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7 q8 y: N8 M- t) v1 X |FINANCIAL PLANNER -- A guy whose phone has been disconnected. / J( W& e- X N- n. Y8 Y( R
$ F, \- f% e7 N* y/ K* @6 e$ c) DMARKET CORRECTION -- The day after you buy stocks. 5 @+ M+ o! g" q8 W
1 d# d4 [" x! f3 g6 eCASH FLOW -- The movement your money makes as it disappears down the toilet.
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2 `! p. ]/ o4 ?YAHOO -- What you yell after selling it to some poor sucker for $240 per share. ' x8 ^6 c% R3 D$ O6 y9 Z4 h
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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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' h4 T3 H* \1 sPROFIT -- an archaic word no longer in use.7 E3 X9 D/ h( q+ X% a0 |; ?5 R0 W. R
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If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.
L) q$ T0 W2 G3 u: z/ d" v4 V3 vWith Fannie Mae, you would have $2.50 left of the original $1,000.! a6 ]$ v. f" q3 Y! C
With AIG, you would have less than $15 left.
4 U& v# ]9 V1 jBut, 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 $214 cash. m( K7 ~# p* ^, Z
Based on the above, the best current investment advice is to drink heavily and recycle.
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6 K4 M0 [2 {$ B) h9 ?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.4 d, m1 [! ^ r5 ]* B& P" D9 M$ |
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Politicians and diapers have one thing in common... 7 j3 n. g7 ~ e5 l. J6 Q
; W1 f2 U6 e1 m0 D, e ...they should both be changed regularly and for the same reason. |
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