October Stockmarket Crash:
Which is most dangerous month?
October. This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August and February.
Mark Twain
Friday joke from Jack
Q: What's the difference between a pigeon and a stockbroker?
A: The pigeon can still make a deposit on a BMW.
Stockbroker's Advice
Q: Why is advice so cheap?
A: Because supply always exceeds demand.
Stockbroker and Stock Analyst go to the Races
A stock analyst and a Wall Street broker went to the races. The broker suggested to bet $10,000 on a horse. The analyst was sceptical, saying that he wanted first to understand the rules, to look on horses, etc. The broker whispered that he knew a secret algorithm for the success, but he could not convince the analyst.
"You are too theoretical," he said and bet on a horse. Surely, that horse came first bringing him a lot of money. Triumphantly, he exclaimed: "I told you, I knew the secret!"
"What is your secret?" the analyst asked.
"It is rather easy. I have two kids, three and five year old. I sum up their ages and I bet on number nine."
"But, three and five is eight," the analyst protested.
"I told you, you are too theoretical!" the broker replied, "Haven't I just shown experimentally that my calculation is correct?!"