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 New Stock Market Terms:* ~' L4 ], p1 Y. B. ^7 u
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CEO -- Chief Embezzlement Officer.
! z' J, Z7 w1 N: zCFO -- Corporate Fraud Officer. # j* K, M; w" b$ G
: _! U: g/ e( T+ W( ~' M) XBULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. * j: I& w% `4 y% r- D: a; c) s; L
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.
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P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. ( ~1 N/ c2 |5 W& w2 ?7 {0 e
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BROKER -- What my broker has made me. * F$ `4 A9 q& y3 `, A
2 t/ U2 S6 [! M! l3 Q. VSTANDARD & POOR -- Your life in a nutshell.
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STOCK ANALYST -- Idiot who just downgraded your stock./ [. b# m0 [% ^" n3 B
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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. 7 M4 C6 z3 U. r3 m/ [( h* I
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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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WINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.7 x4 t+ M2 M* x) N% A+ y6 ^1 J9 }
0 ^; R$ T E# ~# p! ~8 uINSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. $ |4 L! r! R; B T; L+ U! m
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PROFIT -- an archaic word no longer in use./ W4 h: i5 _2 L! o! P9 o
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0 }( y" m" {; p# c% W7 P1 m; M5 UIf you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.
( S2 Y0 d C+ F b( T7 {With Fannie Mae, you would have $2.50 left of the original $1,000.
( c3 f# J. d% x! DWith AIG, you would have less than $15 left., y) |. @+ ~" n5 V7 M* \7 X) w
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 $214 cash.
* r$ X; a9 @" X- [3 v. y- pBased on the above, the best current investment advice is to drink heavily and recycle.( W1 y+ }. {6 L9 {1 X* y5 e0 X
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What is the difference between a Wall Street Stockbroker and a pigeon?
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A pigeon can still make a deposit on a Mercedes.
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Politicians and diapers have one thing in common...
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...they should both be changed regularly and for the same reason. |
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