New Stock Market Terms

New York Stock Exchange, New York City.

Has anyone besides me noticed that the stock market doesn’t like Obama or his Administration?? The market is down 25% since he won the election and every time he opens his mouth it seems to sink to a new low.

As someone who used to be an active daytrader (currently I am not trading as just about the only way to make money in this market is to bet that stock is going lower, shorting). In any event for those of you that follow the market I would like to take a moment to share with you some new stock market terms, lingo if you will.

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.

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Technorati Tags: Business, Investing, Market trends, Stock, stock market, terms

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I bought a modest home I could afford… WHY do I have to pay for someone who was financially irresponsible?

From the floor of the NYSE – Rick’s Revolution “He looses it on the floor of NYSE”

CNBC’s Rick Santelli and the traders on the floor of the CBOE express outrage over the notion they may have to pay their neighbor’s mortgage, particularly if they bought far more house than they could actually afford, with Jason Roney, Sharmac Capital.

And we’ve got the response!  Check it out….

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Technorati Tags: Business, Mortgage, New York Stock Exchange, Rick Santelli

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