Thursday, October 09, 2008

The new glossary of Wall Street terminology

After a series of calamitous days on Wall Street, I sit here watching the Nikkei and other Asian markets continuing the freefall in order for Wall Street to get an inkling in which direction to trade tomorrow morning. In the meantime, I am brushing up on the latest vernacular:

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.

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's now locked up in a nuthouse.

PROFIT - An archaic word no longer in use.


Memphis MOJO said...

I guess I have some money left in my 401(K). I'm afraid to check.