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 New Stock Market Terms:4 `* J }1 P% V" X7 T0 l
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CEO -- Chief Embezzlement Officer. 5 e) X3 u) @7 l0 k7 b0 Q
CFO -- Corporate Fraud Officer. - S7 g0 u- v: A+ C
$ R6 l7 L* y3 M$ dBULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. * I) ?- Y- t: 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. / {* {3 I4 O1 W' u) ]. j/ f
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VALUE 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.
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BROKER -- What my broker has made me.
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STANDARD & POOR -- Your life in a nutshell.
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) o8 i6 k7 P7 ]1 h- \4 iSTOCK 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. + y& G% e2 |" v
% t1 l; t3 ]1 ]! A8 ?/ KFINANCIAL PLANNER -- A guy whose phone has been disconnected. " I ?# b! [$ Y& K" j( Y. ]
" ?7 d2 ^5 B3 O- ZMARKET CORRECTION -- The day after you buy stocks. 8 c5 U8 z" t7 R$ a" f
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CASH FLOW -- The movement your money makes as it disappears down the toilet. , x6 R* _9 P* J( [1 x- _) a; [
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YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
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4 N3 u" g. r" L7 l9 vWINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.& G3 ]+ G: f7 F4 d9 l4 R
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
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+ O4 i* W; ?- X" }PROFIT -- an archaic word no longer in use., I$ Q& Y9 ]+ G
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If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.
+ I4 |6 K" C5 t/ LWith Fannie Mae, you would have $2.50 left of the original $1,000.9 V+ R/ w( T# [* h+ i: ]
With AIG, you would have less than $15 left.* T+ y# R; z Q4 [
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 $214 cash. y- G$ n+ J( Y( M! A) [7 q! G
Based on the above, the best current investment advice is to drink heavily and recycle.' ?3 k8 |- ]/ {* S
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What is the difference between a Wall Street Stockbroker and a pigeon? ; ]0 k/ ^6 E) V& W) ~
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A pigeon can still make a deposit on a Mercedes.$ a5 y9 \/ T/ f
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Politicians and diapers have one thing in common...
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- S B7 b" ?- D/ p5 I ...they should both be changed regularly and for the same reason. |
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