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 New Stock Market Terms:: ? w2 ~ j7 R" E v
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CEO -- Chief Embezzlement Officer.
: l+ Y7 z# e4 ?/ O8 r; L8 YCFO -- Corporate Fraud Officer. % W9 q& w2 b' Z ^2 w& Z
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
3 ^/ I) p6 R& ?' ~ D+ |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. 4 ]* K9 f* u9 r+ y- |* y" R
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VALUE INVESTING -- The art of buying low and selling lower. 5 P" O" v/ p" \, r
4 ]( g4 A: M$ z3 [# ?P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. $ F' W {5 I! ~# S5 _
2 h/ ]! F- F' f$ q- d7 uBROKER -- What my broker has made me.
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STANDARD & POOR -- Your life in a nutshell. , a M/ j& f& @# s
, u+ C/ m: z; t0 T" sSTOCK ANALYST -- Idiot who just downgraded your stock.
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STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. ! ]6 b' u- i" g( m! H6 B
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FINANCIAL PLANNER -- A guy whose phone has been disconnected. % |$ `. [6 ]9 ]& D8 I9 L1 L. a
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MARKET CORRECTION -- The day after you buy stocks. 0 ?1 ^) I0 I6 _4 Y8 X: y
8 l+ ^0 [' i7 O1 F, ?CASH FLOW -- The movement your money makes as it disappears down the toilet. # K6 J' L' Y- o9 v1 F
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YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
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# u9 p7 N# C. }8 C# w# W; sWINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.$ Z# r; A& V! d E
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
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3 R* n- \( i' Z; A! U! B" bPROFIT -- an archaic word no longer in use.9 y4 `# y! u9 i
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If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.
3 K4 q2 N" ~4 a* V$ [: J2 j/ P+ f& rWith Fannie Mae, you would have $2.50 left of the original $1,000.: s% l0 z$ N2 ^7 I/ k3 M
With AIG, you would have less than $15 left.
0 Y# \9 a) ^/ P5 _% L- Y2 d jBut, 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. / Z0 D8 g6 V5 d! u& C
Based on the above, the best current investment advice is to drink heavily and recycle.1 s9 w. S/ s" |1 t5 m: M
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4 @4 m: m/ P2 {& XWhat is the difference between a Wall Street Stockbroker and a pigeon? + D2 j5 i- g. B( [7 P3 ~/ w3 n
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A pigeon can still make a deposit on a Mercedes.0 J6 G. C9 {5 W" `
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Politicians and diapers have one thing in common... $ {4 X: O- I+ M1 J1 v
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...they should both be changed regularly and for the same reason. |
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