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The Stock Market Explained...2002 Bull Market - A random market movement causing an investor to mistake himself for a financial genius. Bear Market - A 6 to 18-month period when the kids get no allowance, the wife gets no jewelry and the husband gets none. Momentum Investing - The fine art of buying high and selling low. Value Investing - The art of buying low and selling lower. P/E ratio - The percentage of investors wetting their pants as the market keeps crashing. Broker - Poorer than you were last year. "Buy, Buy" - A flight attendant making market recommendations as you step off the plane. Stock Analyst - Idiot who just downgraded your stock. Stock split - When your ex-wife and her lawyer split all your assets equally between themselves. Financial Planner - A guy who actually remembers his wallet when he runs to the 7-11 for toilet paper and cigarettes. Market Correction - The day after you buy stocks. Cash Flow - The movement your money makes as it disappears down the Toilet. Call Option - Something people used to do with a telephone in ancient times before e-mail. Day Trader - Someone who is disloyal from 9-5. Cisco - Sidekick of Pancho. Yahoo - What you yell after selling it to some poor sucker for $240 per share. Windows 2000 - What you jump out of when you're the sucker that bought Yahoo for $240 per share. Institutional Investor - Past year investor who's now locked up in a nut house. Profit - Religious guy who talks to God. Martha Stewart - Just started talking to God. Bill Gates - Where God goes for a loan. Alan Greenspan - God.
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