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 New Stock Market Terms:
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CEO -- Chief Embezzlement Officer. ' Q- C _6 n1 L2 }
CFO -- Corporate Fraud Officer.
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. 9 S% j. c0 G) ?1 Y; @% \5 f( Z
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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7 i3 T x% \9 h$ C4 F7 p& wVALUE INVESTING -- The art of buying low and selling lower. ) s2 @: d2 D0 T0 x0 b
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P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. , S1 |" @3 }. Q2 M& r
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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.1 x; c$ t/ V' `
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STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. 2 Z6 M2 l2 E$ a1 J
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FINANCIAL PLANNER -- A guy whose phone has been disconnected. $ z& y+ f5 J% r0 S" R- G
6 f& X7 N f% f# U' s5 jMARKET CORRECTION -- The day after you buy stocks. 3 @" m4 x: w# a
% R% n- k% z, _+ d/ p( \) R' wCASH 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. . |9 d" d3 k( h" R0 P
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WINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.
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' Z& E. l: L" @0 NINSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. , q$ B8 }* t) _9 `& }
( i1 Z+ u& w! @* T4 c, ePROFIT -- an archaic word no longer in use.) H6 {3 M# G* [! F& G0 Y
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6 X [/ v. {9 ?8 j# Z) QIf you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.: u3 x: Y( l* j! ?5 y& X" w
With Fannie Mae, you would have $2.50 left of the original $1,000.& R0 p) b, M# X2 H& ]% c7 Y
With AIG, you would have less than $15 left.
0 g' ^" G! U* X7 z1 B5 w7 SBut, 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 $214 cash.
, o) ? h; a$ LBased 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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6 I7 D3 i7 Z4 V+ {- n) U- W A pigeon can still make a deposit on a Mercedes.$ t5 G! C$ x& ]# f
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Politicians and diapers have one thing in common... # w; }9 U: y2 x& V
5 c7 U. n+ g* B3 G' A! Y2 ], i0 D ...they should both be changed regularly and for the same reason. |
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