The White House Parrot

During a lull between the speeches at the recent White House Correspondents’ dinner, Michelle Obama leans over to chat with Joe Biden.

“Ya know, I bought Barack a parrot for his birthday.  The bird is so smart, Barack has already taught him to pronounce over two hundred words!”

“Wow, that’s pretty impressive,” says Joe, “but, you do realize that he just speaks the words — he doesn’t really understand what they mean.”

“Oh, that’s okay,” Michelle replies, “neither does the parrot.”

Financial Terms

Financial industry : new 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.

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  down-graded 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.