Based on the recent collapse of banking system, we should invent a new definition of job titles in the banking sector. Here is my list:
CEO --Chief Embezzlement Officer.
CFO-- Corporate Fraud Officer.
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.
INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a
nuthouse.
PROFIT -- An archaic word no longer in use
‘I always did the graveyard shift’: I worked for 54 years. Why on earth
would I wait to claim Social Security at 70?
-
The Committee for a Responsible Federal Budget published a paper suggesting
capping Social Security at $100,000 for a married couple.
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