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 New Stock Market Terms:
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) S, j: g; j# \CEO -- Chief Embezzlement Officer.
6 e, j' C' D/ i/ wCFO -- Corporate Fraud Officer.
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8 ]' _& G% b9 rBULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. # b2 y j$ l3 b. M9 F9 G; `
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. : l9 b0 C: H0 f& V
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VALUE INVESTING -- The art of buying low and selling lower.
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: E: E7 ]3 n" \- ]9 WP/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. . s t/ Q/ T: V# M0 I0 x
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BROKER -- What my broker has made me. ' e$ ^8 g1 x) t
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STANDARD & POOR -- Your life in a nutshell.
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' j& q0 _( |7 K; e- P+ Y7 R/ KSTOCK 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.
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3 q' V2 W5 G8 v, DFINANCIAL PLANNER -- A guy whose phone has been disconnected. ) i2 J! x b" ]- }- \
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MARKET CORRECTION -- The day after you buy stocks. 9 q' j) `" q; z- V5 E
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CASH FLOW -- The movement your money makes as it disappears down the toilet. * i& k' J4 b6 ]) H2 h6 G- o
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YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
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WINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share./ D T! Q8 K& C1 E
8 ~, @1 s9 L7 H. q+ ^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.1 o2 s% C8 j, \9 e+ d- l) s: t
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If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left./ K1 w9 V ]8 H3 q. F) p. S- y
With Fannie Mae, you would have $2.50 left of the original $1,000.5 [* g! l3 Y6 W$ D' d4 w
With AIG, you would have less than $15 left.
; M( O' r! W$ c" D, mBut, 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 $214 cash. 3 r8 z" @* D4 p' ~) W( l* J
Based on the above, the best current investment advice is to drink heavily and recycle.. b6 X' P9 c) d: k0 e* q
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* Y* Z' @: t; H! z4 c4 ^3 J( bWhat is the difference between a Wall Street Stockbroker and a pigeon? . h9 P9 w2 N- n9 h
3 V i& j8 H$ v) Y" D A pigeon can still make a deposit on a Mercedes.
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Politicians and diapers have one thing in common...
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5 G0 r |2 b+ C0 q9 p+ E# w' i; D ...they should both be changed regularly and for the same reason. |
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