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 New Stock Market Terms:3 N2 `+ C9 H+ A
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CEO -- Chief Embezzlement Officer.
7 W! E/ ^8 C' a6 T* D& [7 n/ V) m. h/ VCFO -- Corporate Fraud Officer. $ u" L) E8 y! j
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. 1 c6 ^8 W G9 x: u. }& h
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.
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VALUE INVESTING -- The art of buying low and selling lower.
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" J* Q6 t- }; A2 ?. |5 {8 SP/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.
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STANDARD & POOR -- Your life in a nutshell.
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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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, R+ ]- n3 Y# v9 ZFINANCIAL PLANNER -- A guy whose phone has been disconnected.
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" F. x4 u' T- Z& b' K0 J9 c$ HMARKET CORRECTION -- The day after you buy stocks.
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CASH FLOW -- The movement your money makes as it disappears down the toilet.
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YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
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+ v! _, N& Q4 f X/ ~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. 2 u% n! e: d( p% N3 f% p+ Z
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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 $49 left.# g1 Y- T$ N( p* m8 o
With Fannie Mae, you would have $2.50 left of the original $1,000.; |% x6 s) R5 o- s4 b
With AIG, you would have less than $15 left.& N( i0 T# C" x7 W8 ?8 Z
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. * `7 H' Z- ?8 f) _- ?" h8 r# s
Based on the above, the best current investment advice is to drink heavily and recycle.8 l0 j8 L9 j. G" J
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4 X1 A m/ e3 |7 s- z: E1 KWhat 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." u9 V) N% z2 m; H C
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' s0 T: Z+ }- ^5 e6 b: x* TPoliticians and diapers have one thing in common... / o5 Z2 p& l6 R% O2 {/ c5 l
3 x4 v- w7 I! I ...they should both be changed regularly and for the same reason. |
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