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 New Stock Market Terms:
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CEO -- Chief Embezzlement Officer. / W! R8 Y- s9 ?: h
CFO -- Corporate Fraud Officer. 4 A# N0 {5 f' r! i9 l
1 r& l/ R% O: C" y$ D# m5 HBULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. " s9 x9 }1 S$ m+ j, {
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. . [6 y1 v6 n3 l& z
, P! c4 n3 m: d0 I# bVALUE INVESTING -- The art of buying low and selling lower. ( z; O8 v; I( c- v. O9 \
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P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.
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" F( D, ?/ D/ n6 ~' ^$ U. c" o* |7 nBROKER -- What my broker has made me. ( J% n' T' O2 P4 g
$ N- q* X1 R& m' p A: P6 W" fSTANDARD & POOR -- Your life in a nutshell.
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+ g! u& M% w5 D: tSTOCK ANALYST -- Idiot who just downgraded your stock.
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8 a7 Y- c; d: v* P6 H4 uSTOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. : c7 b# E) h/ k$ i9 c
$ c; Q, [1 ^) F+ M3 W% iFINANCIAL PLANNER -- A guy whose phone has been disconnected. 7 v( ]: M) [& b/ j: P' F
7 W! s% a8 D) _MARKET CORRECTION -- The day after you buy stocks. 6 x( O8 q) W6 }$ n: H. K
9 _) s/ J8 ?3 r+ V# R- u$ p# ACASH FLOW -- The movement your money makes as it disappears down the toilet. , V" g& m* @+ j
- q$ [; _6 t: U D3 A rYAHOO -- What you yell after selling it to some poor sucker for $240 per share. 6 }' w* {( u+ J
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WINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.0 v* Q; I5 u) O. d5 M, T
$ v. |' G) C: _5 U' DINSTITUTIONAL 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.- ]5 k" t7 `5 W% B6 U% [
With Fannie Mae, you would have $2.50 left of the original $1,000./ k0 ~4 q# K; b
With AIG, you would have less than $15 left.
4 Z# {9 O" L9 k' }2 |1 G, H' fBut, 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 $214 cash.
( o( P7 H5 x! |* S7 tBased on the above, the best current investment advice is to drink heavily and recycle./ z8 M5 y3 j; v4 i+ f
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What is the difference between a Wall Street Stockbroker and a pigeon? / v9 Z4 x, Y" b& B0 q& L
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A pigeon can still make a deposit on a Mercedes.
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) c7 @; K% `% I; r8 s- q( z* H# `Politicians and diapers have one thing in common... , F1 v- Z2 Z h2 `8 T
5 s1 A" H0 d+ i0 A5 k, ^& h$ y ...they should both be changed regularly and for the same reason. |
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