1. The US has made a new weapon that destroys people but keeps the building standing. It's called the
stock market.
2. Do you have any idea how cheap stocks are? Wall Street is now being called Wal-Mart
Street.
3. The difference between a pigeon and an investment banker. The pigeon can still make
a deposit on a BMW
4. What's the similarity between a guy who lost everything in Las Vegas and
an investment banker? A tie!
5. The problem with investment bank balance sheet is that on the
left side nothing's right and on the right side nothing's left.
6. I want to warn people from
Nigeria: If you get any e-mails from Washington asking for money, it's a scam. Don't fall for it
7.
What worries me most about the credit crunch is that if one of my checks is returned stamped 'insufficient funds,' I won't
know whether that refers to mine or the bank's
New Stock Market Terms
CEO -- Chief Embezzlement Officer.
CFO -- Corporate Fraud Officer.
Bull Market -- A random market movement causing an investment banker 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.
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 -- What my broker has made
me.
Standard & Poor -- Your life in a nutshell.
Stock Analyst
-- Idiot who just downgraded your stock.
Stock Split -- When your ex-wife and her lawyer split
your assets equally between themselves.
Financial Planner -- A guy whose phone has been disconnected.
Market Correction -- The day after you buy stocks.
Cash Flow -- The movement your money
makes as it disappears down the toilet.
Yahoo -- What you yell after selling it to some poor sucker
for $240 per share.
Windows -- What you jump out of when you're the sucker who bought Yahoo @
$240 per share.
Institutional Investor -- Past year investor who should be now locked up in a
nuthouse.
PROFIT -- An archaic word no longer in use.
Your Investments
and Return
If you had purchased $1000 of shares in Delta Airlines
one
year ago, you will have $49.00 today.
If you had purchased $1000 of shares in AIG one year ago,
you will have $33.00 today.
If you had purchased $1000 of shares in Lehman Brothers
one year ago, you will have $0.00 today.
But if you had purchased $1000 worth of beer
one year ago, drank all the beer, then turned in the aluminum cans for recycling refund,
you will
have received $214.00.
Based on the above, the best current investment plan is to drink heavily
and recycle. It's called the 401-Keg.
3/28/09