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 New Stock Market Terms:6 e0 {1 l h5 B, Y& e; k- W
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CEO -- Chief Embezzlement Officer.
) y$ J/ e! M4 o! ACFO -- Corporate Fraud Officer.
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- C2 ?* J* j& ]BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. : L9 @7 c& s$ n9 @$ ~; G% a" a/ M3 e
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. * u1 ? ~7 R+ ^0 }- L
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VALUE INVESTING -- The art of buying low and selling lower.
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/ l+ l; i, a8 `. [) Q$ E0 tP/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. # D, n( `( d9 E& ^3 w
u ?, k$ C* U$ S/ R8 \- X3 h6 kBROKER -- What my broker has made me. ; c* l% w T8 X9 ?+ m
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STANDARD & POOR -- Your life in a nutshell.
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STOCK ANALYST -- Idiot who just downgraded your stock.) E: C F {- _* z- \; Q1 @+ V+ @; N
$ Z, c/ T+ Y- f, i8 G# lSTOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. 5 O& B5 g; ]1 V$ Y
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FINANCIAL PLANNER -- A guy whose phone has been disconnected. + T6 n+ }" V3 E
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MARKET CORRECTION -- The day after you buy stocks. : A1 z* v8 m- J" \) J" U; h
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CASH FLOW -- The movement your money makes as it disappears down the toilet. ' U9 J! \, I- N# u, a; H8 Y1 X
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YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
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" z1 F) e# ]# r) i$ d. uWINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.
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* r5 p$ M, ]5 E. A' O( AINSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. 5 n6 _2 d; m$ I+ H0 R
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PROFIT -- an archaic word no longer in use.
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If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left. C$ ]; r' ?4 G% t
With Fannie Mae, you would have $2.50 left of the original $1,000.
7 q/ S+ p G8 p iWith AIG, you would have less than $15 left.
+ d+ [/ q) k* z$ k3 rBut, 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 $214 cash.
6 F, a+ i& K/ M9 G1 mBased on the above, the best current investment advice is to drink heavily and recycle.8 U( O1 w4 ]+ ^6 e* u
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: ]+ S* p- C0 {& _What is the difference between a Wall Street Stockbroker and a pigeon? 9 c. d8 R) v: O2 v6 d* I) ?
3 ]' ^/ W" Y: `: \6 p3 f7 u# ^ A pigeon can still make a deposit on a Mercedes.
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$ y0 w0 q' ]2 |5 y2 tPoliticians and diapers have one thing in common...
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& X. T# w: ^0 `6 E% E ...they should both be changed regularly and for the same reason. |
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