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New Stock Market Terms:+ t3 D0 k6 r3 N5 C8 X$ s+ z
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CEO -- Chief Embezzlement Officer.
6 U) W1 [3 Z9 V5 }CFO -- Corporate Fraud Officer. & d3 t" r+ J8 Y i' e j' D- X2 n) d
( g( _ C+ `/ y) O# B! \8 [: sBULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. + I5 t9 d! W! c5 O: R9 B
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. & ^. n& g- V# L- E
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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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& t" O7 B( X4 X+ D g, }& ^3 X) ^BROKER -- What my broker has made me.
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STANDARD & POOR -- Your life in a nutshell. 6 H, A0 v% |5 z# ~/ ?
# P9 A+ ?9 \+ J1 V" \3 Y* A# tSTOCK ANALYST -- Idiot who just downgraded your stock.: a6 E# H8 L3 x" C
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STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.
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# a7 }! i3 z+ x1 ] T3 c5 Z( mFINANCIAL PLANNER -- A guy whose phone has been disconnected. ; ]9 [2 X: t, G% l. o8 E- @
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MARKET CORRECTION -- The day after you buy stocks. - F7 j8 ~1 g" G
* E2 g, W2 W2 a2 }7 `1 qCASH FLOW -- The movement your money makes as it disappears down the toilet. 9 m! z$ S) g: s. {5 h7 c
' g" J: t) W3 X8 h j0 s; ZYAHOO -- What you yell after selling it to some poor sucker for $240 per share. - [: {# J7 H$ [
* D0 m C# g( I" V' K# ?WINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.) s" U3 N* A9 L: T$ W+ E
) X8 D w) m. k/ ]9 XINSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. $ A7 _4 z- C* j. ]1 B& Z: p$ q4 j
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PROFIT -- an archaic word no longer in use.
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' A- W7 k3 Z) _If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.4 K( W: \4 ?6 H; L* d) Z
With Fannie Mae, you would have $2.50 left of the original $1,000.( B" Q0 Y/ J( |
With AIG, you would have less than $15 left." z% D9 A9 Y1 d6 }
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 $214 cash. ! t* d* Y; Y. \/ B3 n/ o; t
Based on the above, the best current investment advice is to drink heavily and recycle./ ]" b ?) f1 ^( L$ l$ X
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' y, C5 v! T5 g# ]6 P% j+ MWhat is the difference between a Wall Street Stockbroker and a pigeon? : d( Y2 L4 o5 T9 _) `: I: z- ?+ b# D
1 U6 N8 }) c. X7 `5 a; ^( d( L A pigeon can still make a deposit on a Mercedes.
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Politicians and diapers have one thing in common... . _; a' F; X A/ s# u
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...they should both be changed regularly and for the same reason. |
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