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 New Stock Market Terms:* I0 S. K+ ?& u1 q
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CEO -- Chief Embezzlement Officer. ) m% L3 ]2 r. o% Z
CFO -- Corporate Fraud Officer. " j% Q; v+ U+ C0 q6 B" t
6 k* p! j- I4 X3 {9 @) N6 JBULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. , |+ y1 z" W3 t" `6 m+ L: 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.
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VALUE INVESTING -- The art of buying low and selling lower. + z: o6 Y: w" T+ S! t& r5 i
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P/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. 9 ~# @- G7 A. e: q
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STANDARD & POOR -- Your life in a nutshell.
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1 P. Q6 J$ U3 J( t. MSTOCK 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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FINANCIAL PLANNER -- A guy whose phone has been disconnected.
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MARKET CORRECTION -- The day after you buy stocks.
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CASH 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 $240 per share.
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& Y5 X' o2 `' s$ j5 zWINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share. F) ]% p; M, R9 `% j, ]
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
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0 V& Y& z1 x6 m4 N" s& v8 SPROFIT -- 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.; w# K0 W* J4 D' L5 L" v7 O; r+ _
With Fannie Mae, you would have $2.50 left of the original $1,000.( G# h' N3 \3 T& n c8 o
With AIG, you would have less than $15 left.7 v' l4 o$ E0 T3 ~8 C( }6 _
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 $214 cash. 4 [! Y, |8 p) q; c0 L
Based on the above, the best current investment advice is to drink heavily and recycle.
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What is the difference between a Wall Street Stockbroker and a pigeon? % H' L/ {; H) ~' o
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A pigeon can still make a deposit on a Mercedes.6 q0 B, F5 ?8 V# ]0 r) a. N9 V
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% ~8 N/ q; {" Q, RPoliticians and diapers have one thing in common...
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, n! B# {$ O! S2 O3 t9 n7 U" _ ...they should both be changed regularly and for the same reason. |
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