Margin Jokes

Sung to the tune of "American Pie" A long, long week ago I can still remember how the market used to make me smile What I'd do when I had the chance Is get myself a cash advance And add another tech stock to the pile. But Alan Greenspan made me shiver With every speech that he delivered Bad news on the rate front Still I'd take one more punt I can't remember if I cried When I heard about the CPI I lost my fortune and my pride The day that NASDAQ died So bye-bye to my piece of the pie Now I'm gettin' calls for margin' Cause my cash account's dry It's just two weeks from a new all-time high And now we're right back where we were in July We're right back where we were in July Did you buy stocks you never heard of? QCOM at 150 or above?' Cos George Gilder told you so Now do you believe in Home Depot? Can Wal-Mart save your portfolio? And can you teach me what's a P/E ratio? Well, I know that you were leveraged too So you can't just take a long-term view Your broker shut you down more...

Newfoundland, My Newfoundland
(Oh, Christmas Tree, Oh, Christmas Tree) by Brenna Lorenz
Convection's cell was at thy door, Newfoundland, my Newfoundland,
Thy ancient heart to pieces tore, Newfoundland, my Newfoundland,
Great faulted blocks came crashing down, and flood basalts the land did drown,
And clastics coarse fell all around, Newfoundland, my Newfoundland!
Iapetus began to spread, Newfoundland, my Newfoundland,
Detritus from thy coast was shed, Newfoundland, my Newfoundland,
Thy slope was draped, so proud and great, with massive banks of carbonate,
Grand bank to meet so sad a fate, Newfoundland, my Newfoundland!
For flysch encroaching from the east, Newfoundland, my Newfoundland,
Devoured thy margin like a beast, Newfoundland, my Newfoundland,
The ocean floor was raised on high, its mafic head reared to the sky;
Its chromous threat was drawing nigh, Newfoundland, my Newfoundland!
Your once-proud bank was bowing down, more...

ABC Stock reaches $155. $155 for a stock that should be valued at $100. Wow!!!!
That's it I say to myself. It's time I make that decision that all longs consider at one time or another. I am going to short my first stock. I am thinking to myself "This stock is overvalued. It can't sustain these levels. This is money in the bank. Guaranteed baby!!"
I phone my broker.
"How can I help you Mr. Junkie."
"I want to place a trade. I want to short 1000 share of ABC." After a few seconds he says,
"I am sorry Mr. Junkie. I can't process that for you. Your account is a cash account. You need a margin account to short a stock. I can send you the application or you could go to your nearest financial institution to fill out the forms."
I head out the door the minute I get off the phone because time was a wasting and as they say time is money. I run into the financial institution fill out the form and have a taxi deliver it more...

Newfoundland, My Newfoundland
(Oh, Christmas Tree, Oh, Christmas Tree) by Brenna Lorenz

Convection's cell was at thy door, Newfoundland, my Newfoundland,
Thy ancient heart to pieces tore, Newfoundland, my Newfoundland,
Great faulted blocks came crashing down, and flood basalts the land did drown,
And clastics coarse fell all around, Newfoundland, my Newfoundland!

Iapetus began to spread, Newfoundland, my Newfoundland,
Detritus from thy coast was shed, Newfoundland, my Newfoundland,
Thy slope was draped, so proud and great, with massive banks of carbonate,
Grand bank to meet so sad a fate, Newfoundland, my Newfoundland!

For flysch encroaching from the east, Newfoundland, my Newfoundland,
Devoured thy margin like a beast, Newfoundland, my Newfoundland,
The ocean floor was raised on high, its mafic head reared to the sky;
Its chromous threat was drawing nigh, Newfoundland, my Newfoundland!

Your more...

STOCK:
A magical piece of paper that is worth $33.75 until the moment you buy it. It will then be worth $8.50.
BOND:
What you had with your spouse until you pawned his/her golf clubs to invest in Amazon.com.
BROKER:
The person you trust to help you make major financial decisions. Please note the first five letters of this word spell Broke.
BEAR:
What your trade account and wallet will be when you take a flyer on that hot stock tip your secretary gave you.
BULL:
What your broker uses to explain why your mutual funds tanked during the last quarter.
MARGIN:
Where you scribble the latest quotes when you're supposed to be listening to your manager's presentation.
SHORT POSITION:
A type of trade where, in theory, a person sells stocks he doesn't actually own. Since this also only ever works in theory, a short position is what a person usually ends up being in. (i.e. "The rent, sir? Hahaha, well, I'm a little short this more...