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 New Stock Market Terms:
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CEO -- Chief Embezzlement Officer.
( N+ s& C4 G! Q& z0 ^0 rCFO -- Corporate Fraud Officer.
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. 9 W, v( e6 g( N0 @! a& P" Q0 S
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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6 ?0 T# b1 L d. [6 S. p9 ]VALUE INVESTING -- The art of buying low and selling lower.
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P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.
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BROKER -- What my broker has made me. # |$ g8 Y) _2 U& [% ^6 t2 X1 | D
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STANDARD & POOR -- Your life in a nutshell. 6 A" _7 x! `' Q9 A0 V
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STOCK ANALYST -- Idiot who just downgraded your stock.! n6 t/ n9 ~. X, ~/ O0 ~" }; D
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STOCK 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. 6 S$ W& S6 {* J4 E
+ X4 \: \5 u( W4 ~+ W# RMARKET CORRECTION -- The day after you buy stocks.
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5 {; R- W: H3 JCASH FLOW -- The movement your money makes as it disappears down the toilet.
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X& U: N; a5 T9 B# y) ^YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
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^& J; M7 w0 l2 ~: V" F; m T) w0 P9 lWINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.8 q' k r% G" F8 k/ }
8 m1 D2 [8 @$ [5 K# L$ MINSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. $ e7 S1 C1 z4 J" _1 W
, n# S7 Q2 ]$ x& x) C! ?9 aPROFIT -- an archaic word no longer in use.
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% b8 J T% _* g* `2 c' l5 |4 oIf you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.7 B r+ s5 ~; [( `% l t
With Fannie Mae, you would have $2.50 left of the original $1,000.
7 \" V9 ~% r$ x" w& aWith AIG, you would have less than $15 left.
, E0 W; z+ q+ R- ~. WBut, 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. ' H# |0 t2 Z: ^- X* _
Based on the above, the best current investment advice is to drink heavily and recycle.
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What is the difference between a Wall Street Stockbroker and a pigeon? ) U6 ]: F/ v9 d+ p# v _( Y: X! }
; Q; M3 f( A" W0 f A pigeon can still make a deposit on a Mercedes.0 P) {/ Q2 o* c' V& V
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+ W1 c1 F L0 [: i( h- MPoliticians and diapers have one thing in common...
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...they should both be changed regularly and for the same reason. |
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