A Little Humor

One of the guys I used to work with sent me this in an email (thanks, Scott!) and I thought it was pretty funny, so I figured I'd share it. I suppose we have been able to remain optimistic since we know the markets are cyclical and we are young enough to just ride it out.

New Market Terms

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 no sex.

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.

CEO - chief embezzlement officer.

CFO - corporate fraud officer.

STOCK ANALYST - Idiot who just downgraded your stock.

STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.

MARKET CORRECTION - The day after you buy stocks.

CASH FLOW - The movement your money makes as it disappears down the toilet.

INSTITUTIONAL INVESTOR - Past year investor who's now locked up in a nuthouse.

MOMENTUM INVESTING - The fine art of buying high and selling low.

VALUE INVESTING - The art of buying low and selling lower.

'BUY, BUY' - A flight attendant making market recommendations as you step off the plane.

FINANCIAL PLANNER - A guy who actually remembers his wallet when he runs to the 7-11 for toilet paper and cigarettes.

CALL OPTION - Something people used to do with a telephone in ancient times before e-mail.

PROFIT - Religious guy who talks to God.