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 New Stock Market Terms:# ?- w, ^, j' E
- p8 N' ]1 Y0 H5 o) I1 Z# W5 tCEO -- Chief Embezzlement Officer.
' D" u1 [- r9 K+ l# e% |CFO -- Corporate Fraud Officer.
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
: C; |$ F$ H: @! ]* A4 lBEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex. % o0 r- K6 Z9 m' X$ D# g
3 D4 w. G0 D9 [: VVALUE INVESTING -- The art of buying low and selling lower. ) E @. }. P4 M: v5 t8 m" R
) [# k7 D8 O$ T& SP/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. / ~( d$ t9 K1 b( U$ R
6 @' b) K7 ]$ ~" Z8 aBROKER -- What my broker has made me. 9 K, S/ M* l7 ~" s
' } A/ E0 O( [2 R2 i/ X- QSTANDARD & 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. # j8 \, R0 U2 ~7 l
8 N$ R6 _9 {4 @( V: ^FINANCIAL PLANNER -- A guy whose phone has been disconnected.
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MARKET CORRECTION -- The day after you buy stocks. 8 k+ q% i. k! s
0 s8 p! C* n& A0 Q! oCASH 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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; I6 k: M0 I+ {7 W. |WINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.) \: z/ C0 O, s9 ?$ a
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. , B& G3 |% j2 H7 ?2 S* X
' C$ _9 d9 z6 _4 tPROFIT -- an archaic word no longer in use.
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, q; t. {# @2 \* l/ dIf you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.0 g% s, Y! Y, r T1 K: A! \! y
With Fannie Mae, you would have $2.50 left of the original $1,000.$ R$ a. O p: h0 ^9 S
With AIG, you would have less than $15 left.
1 T' e t2 E' GBut, 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 $214 cash. 2 g1 x% S* [ O8 E8 [
Based on the above, the best current investment advice is to drink heavily and recycle.6 |7 k, _4 P0 e# B6 P% W
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5 u8 F* w9 v$ {7 f: PWhat is the difference between a Wall Street Stockbroker and a pigeon? / @; i$ _* F3 \; |3 F) \
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A pigeon can still make a deposit on a Mercedes.
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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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