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 New Stock Market Terms:
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: q' I) t2 p$ r: _. FCEO -- Chief Embezzlement Officer.
$ a1 G. U! |3 X& [CFO -- Corporate Fraud Officer.
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* g) [' W' G; H% CBULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. ( t: N1 x0 a' O
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. ( v8 Y B& z: B- _6 b% j
: u7 Z- G2 ^& F, n; gVALUE INVESTING -- The art of buying low and selling lower.
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P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. . N, S7 Z, j) g" V, l8 e
, d, r2 e& `/ ^9 ^4 v# W% b- xBROKER -- What my broker has made me.
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STANDARD & POOR -- Your life in a nutshell.
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$ _! {) I8 L C- h6 H, P) FSTOCK ANALYST -- Idiot who just downgraded your stock./ p0 `, F6 n$ [* u* o
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STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. # \- Z* S/ L8 x
2 P3 `3 p1 c7 J8 |" v# NFINANCIAL PLANNER -- A guy whose phone has been disconnected.
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MARKET CORRECTION -- The day after you buy stocks. ! O9 i( a! N! n1 C' I3 s4 `
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CASH FLOW -- The movement your money makes as it disappears down the toilet.
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& V# |7 I: V( pYAHOO -- 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 @ $240 per share.
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- k( o: k& J) l) G! zINSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
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PROFIT -- an archaic word no longer in use.
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' }) q% L+ _" X, g7 E$ aIf you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.: K: [. u: x( R7 q+ X9 D( o
With Fannie Mae, you would have $2.50 left of the original $1,000.; }( D" X8 H. R% Y
With AIG, you would have less than $15 left.
6 L3 m; t+ C, C: BBut, 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 $214 cash. 8 |" B7 |# c; o: U1 m: C9 g) C
Based on the above, the best current investment advice is to drink heavily and recycle.
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What is the difference between a Wall Street Stockbroker and a pigeon? # z+ p6 d7 r( }/ ~
+ ` e# k( r+ ?8 c$ Y% u0 s A pigeon can still make a deposit on a Mercedes.# F8 G4 ]/ v' B' I3 x8 j: M
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9 o' D" g$ j7 H, G v" [Politicians and diapers have one thing in common...
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8 W* A# B3 B+ `" n8 n4 A/ w ...they should both be changed regularly and for the same reason. |
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