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 New Stock Market Terms:6 j! k8 Q$ ~- |1 V% c% ~
6 a' W& j% Z# y1 D) e* o* A# v8 g9 jCEO -- Chief Embezzlement Officer. 2 o& R- l( P; _( L2 I
CFO -- Corporate Fraud Officer.
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1 Q- b" A" H0 X+ RBULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
9 u% T: f- _, O& }3 [3 e8 IBEAR 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. * H( O6 r0 s1 v# D V& J' L
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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. ; b9 w* [/ q! ]
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STOCK ANALYST -- Idiot who just downgraded your stock.
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* t( |4 i0 s& E% F; cSTOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. * Z0 T2 O y* Z8 }3 U+ C$ d! i( m5 n
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FINANCIAL PLANNER -- A guy whose phone has been disconnected.
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, l4 {8 o! G* J/ K- JMARKET CORRECTION -- The day after you buy stocks. - p/ P! S) s. q, g0 E
7 g& B! e, J, M( N/ SCASH FLOW -- The movement your money makes as it disappears down the toilet.
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. V' c& R/ @+ f; }YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
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8 d# ]7 ?7 }. VWINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.. R" R# i8 G5 Q8 N6 w8 ]; u% s
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. 7 ^% J2 \: o+ ^& g, C
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PROFIT -- an archaic word no longer in use.
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- z$ C* Z1 e& \" R! ]If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left./ s2 V. I& Y! ^4 J& z& d
With Fannie Mae, you would have $2.50 left of the original $1,000.) J1 t5 f, K( O' r9 N
With AIG, you would have less than $15 left.
9 j& w# m4 B' D% s+ z! h7 x" xBut, 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 $214 cash. ' N! z2 a4 X1 \1 q( s* b( ~
Based on the above, the best current investment advice is to drink heavily and recycle.1 w( r5 ?$ P$ N. G+ w: a7 E
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" ^ r0 m9 v8 K6 y$ P* dWhat 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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9 {! r: t9 S4 f3 j+ BPoliticians 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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