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 New Stock Market Terms:1 W' ]# j6 n/ g' l" x, Y& y$ S
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CEO -- Chief Embezzlement Officer.
, h4 O% u+ I) {( |# D2 L: dCFO -- Corporate Fraud Officer.
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* q. p0 w3 O0 `0 J: e3 A/ @; ZBULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. + G7 r0 r3 ^1 Y2 z" y( F
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. 5 w3 p1 ~& g5 d: H% ~
0 l, T' I5 H& h1 v% n) PVALUE INVESTING -- The art of buying low and selling lower.
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1 M% m; t1 ~& d$ j* aP/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.
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; D" k" f% R! {* |9 Y# Z, `BROKER -- What my broker has made me. 7 \3 u! F+ J0 {! d% L' Q; u% u
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STANDARD & POOR -- Your life in a nutshell. 1 p+ C) b) n v- o
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STOCK ANALYST -- Idiot who just downgraded your stock.
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% Z4 b* \. D+ u! O( n$ i. K0 ?STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. 5 V. I) [- N. c
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FINANCIAL PLANNER -- A guy whose phone has been disconnected.
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MARKET CORRECTION -- The day after you buy stocks.
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CASH FLOW -- The movement your money makes as it disappears down the toilet. - b) r* Y6 |+ A2 c+ E
: ?3 d% X# w' i3 B2 q) V. yYAHOO -- What you yell after selling it to some poor sucker for $240 per share. 7 |% g% D# C$ _+ c, m
" E: K! Q7 J! \3 oWINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.0 g$ K' I9 T0 F6 J D" v7 k
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
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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.( w' `2 [- Y# j+ V/ a
With Fannie Mae, you would have $2.50 left of the original $1,000." {% [7 ~) z* q8 v7 a) ~% Z
With AIG, you would have less than $15 left.0 l9 j+ w: M2 F5 i4 @2 \
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 $214 cash. ' e; V/ o3 h) i$ h2 \" L2 n
Based on the above, the best current investment advice is to drink heavily and recycle.
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% L. i" m7 e; G" HWhat is the difference between a Wall Street Stockbroker and a pigeon?
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, L- ~8 o7 A& `! X4 v$ C A pigeon can still make a deposit on a Mercedes.
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) F; `% Y: s/ n5 {) aPoliticians and diapers have one thing in common... " Y7 c* e# w3 Q/ D1 |' d
* z) x) @/ u: s) c ...they should both be changed regularly and for the same reason. |
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