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 New Stock Market Terms:
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CEO -- Chief Embezzlement Officer.
3 i: ]8 C- x. ?$ q k, B: g/ `1 |CFO -- Corporate Fraud Officer. : c+ ^4 o. ^" |3 \# y
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. ) L2 }9 O u7 Q3 p6 H4 `
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. P0 L) c* r7 i7 s! d
4 w; r4 H+ j2 K# R! `VALUE INVESTING -- The art of buying low and selling lower.
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( J) f6 @8 Z+ xP/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. / c' F n. Z7 o
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BROKER -- What my broker has made me. 9 t# x% `8 l) K; F
* G) `* }5 o% t4 Q; f" S# v q5 ISTANDARD & POOR -- Your life in a nutshell.
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- M( V) [8 r8 f% _8 {STOCK ANALYST -- Idiot who just downgraded your stock.4 z3 C4 d/ x0 L& D1 G
2 N) M. g, q; [# A; c* MSTOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.
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FINANCIAL PLANNER -- A guy whose phone has been disconnected.
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/ w! \5 Z5 N, X- h4 \. m% ~MARKET CORRECTION -- The day after you buy stocks. $ t/ b2 N! ?5 R
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CASH FLOW -- The movement your money makes as it disappears down the toilet. : S L( O, |- h
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YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
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2 ?2 P( j- A/ ]7 u5 YWINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.1 o' Z. L' {! j4 F a: E4 s
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. 6 G2 G" Y( }. m C& ]
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PROFIT -- an archaic word no longer in use.
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If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.
0 ?; g$ {9 c9 q& y5 M& EWith Fannie Mae, you would have $2.50 left of the original $1,000.
5 h. D! N+ s% G% w6 VWith AIG, you would have less than $15 left.) E! f0 e" }* v# g* |
But, if you had purchased $1,000 worth of beer one year ago, drunk all of the beer, then turned in the cans for the aluminum recycling REFUND, you would have $214 cash. . T; | ~1 D7 Y, S' i- {) v
Based on the above, the best current investment advice is to drink heavily and recycle.2 O, m8 B9 n) l9 z. e( ^
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% p$ K6 ]3 A6 ?# O7 x( t+ s, R Z( m* {What is the difference between a Wall Street Stockbroker and a pigeon?
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, Q+ H2 T0 d5 X8 y0 R A pigeon can still make a deposit on a Mercedes.
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Politicians and diapers have one thing in common... 9 @( y/ N; J8 V; l' ?+ O2 U
& d( h U8 ?/ F" P9 e ...they should both be changed regularly and for the same reason. |
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