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 New Stock Market Terms:
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; g, y' b, e& F, x5 }1 E K- zCEO -- Chief Embezzlement Officer.
+ b( H8 L0 _ t+ a2 p2 I/ mCFO -- Corporate Fraud Officer. 6 D u$ L& S: A% q; z# ^3 _
- c$ w% Z" Q5 o6 N9 E4 gBULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. $ u1 @1 h0 w( M8 J4 t
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. 1 O# v# C" S* F2 x7 d4 s) d
7 P2 R5 |# F# z1 E( @VALUE INVESTING -- The art of buying low and selling lower.
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; F8 {5 F, \) a M! V, R: `" AP/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. ( n1 b' X& x, M6 N d7 f
; @: U+ ]% N- B4 M* yBROKER -- What my broker has made me.
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STANDARD & POOR -- Your life in a nutshell.
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STOCK ANALYST -- Idiot who just downgraded your stock.. z: v3 B0 j( ^7 \7 }1 S
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STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. + z; N7 n: b& F4 j m9 c2 f$ |' R9 q
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FINANCIAL PLANNER -- A guy whose phone has been disconnected. ) X/ }) c3 I$ o
1 [, M7 @) q2 i# cMARKET CORRECTION -- The day after you buy stocks. * [1 p( T* s! E N3 a
3 o: r+ T0 o( S' j$ V j+ r) u' SCASH 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 $240 per share. ' b$ N" [7 z; v/ `% G7 w }! j2 p
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WINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.& Z& ?9 l$ v7 d8 r$ O# j% Q7 M
9 z# M6 O" F, c" uINSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. ' _+ W/ t2 \/ K& s+ e7 g3 r- J
4 _6 M* u. t; f. ]' e' z; g; S4 KPROFIT -- an archaic word no longer in use.' |1 n1 j- R8 p9 \, ]9 f/ A- p! t
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r- T5 e8 d* RIf you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.* B. c- S" J: D1 C$ x4 \/ m; L* T8 `
With Fannie Mae, you would have $2.50 left of the original $1,000." V( x, s2 c9 d! h% R+ I9 C/ X3 @
With AIG, you would have less than $15 left.
# _ u( I2 @7 k% \- yBut, 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 $214 cash. 1 Y9 A- Q" N9 H) k. _: d, s v
Based on the above, the best current investment advice is to drink heavily and recycle.
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* \6 A' h4 t9 j u& M" t2 L* nWhat is the difference between a Wall Street Stockbroker and a pigeon? + W3 ~$ K% ?; L2 P$ i& w7 u* L
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A pigeon can still make a deposit on a Mercedes.: [$ Q, C8 ], r# o' N, |
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Politicians and diapers have one thing in common... # S' `1 t" D+ Q1 U
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...they should both be changed regularly and for the same reason. |
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