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 New Stock Market Terms:: w ^( z2 l+ X! U3 @* V
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CEO -- Chief Embezzlement Officer. " X$ o F$ A! Z% f" F- _: `) ]
CFO -- Corporate Fraud Officer. 2 Q, O; ^* {2 d: L8 l9 c# k
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
1 U+ R3 F3 F j6 _6 T0 e+ JBEAR 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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VALUE INVESTING -- The art of buying low and selling lower.
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' p8 E& n& [; a1 SP/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. , R2 p+ i8 Z" u
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STANDARD & POOR -- Your life in a nutshell.
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STOCK ANALYST -- Idiot who just downgraded your stock.) f& {9 Y- O& B) n0 F; H/ B
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STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. 9 Q- h0 C, j8 P
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FINANCIAL PLANNER -- A guy whose phone has been disconnected. # }5 R9 C: ~" O3 n0 I( s! c
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MARKET CORRECTION -- The day after you buy stocks. ) e8 o- a! h& N/ w2 i, G
6 N; a3 `; l' u. O! XCASH FLOW -- The movement your money makes as it disappears down the toilet.
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YAHOO -- What you yell after selling it to some poor sucker for $240 per share. : |5 s( o4 R" F- v- H$ Q, H5 Q F* j
! q) W' S: Q8 q' O/ ?, TWINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.
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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.% W( E p) ~8 r" h0 J7 U" d
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& I5 i4 v7 S0 T' fIf you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.
& @ v* z5 l$ w; zWith Fannie Mae, you would have $2.50 left of the original $1,000./ |5 E) T9 D7 G+ T6 z; u
With AIG, you would have less than $15 left.+ x8 |5 [4 Q4 d$ l
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. & n: |. F5 @; O& @5 W/ E' B
Based on the above, the best current investment advice is to drink heavily and recycle.0 l# o' W4 \. n0 O( V7 Z. h
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, h% g4 e% B2 v* \What is the difference between a Wall Street Stockbroker and a pigeon? ( d6 M% p3 Y+ A& I2 t6 Y
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A pigeon can still make a deposit on a Mercedes.
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Politicians and diapers have one thing in common... 4 Y4 Y+ P0 j& Q* Z
: P( Q/ H) L S, {# F4 t ...they should both be changed regularly and for the same reason. |
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