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 New Stock Market Terms:
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. M6 l* D' q% rCEO -- Chief Embezzlement Officer.
! U& B: A7 r8 v- [& r' r+ V, E" GCFO -- Corporate Fraud Officer.
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
2 f0 N8 t$ W+ kBEAR 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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- R. ]+ q; |- k* [$ BVALUE 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 Y$ A' R$ R; B m2 O g/ ~5 H( w
! F$ g: o8 w; c v" s; ]( JBROKER -- What my broker has made me. m1 y* M4 {* P9 |9 o1 ^
! I$ d( u' h) F/ @: W" ISTANDARD & POOR -- Your life in a nutshell.
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STOCK ANALYST -- Idiot who just downgraded your stock.
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6 ~2 ~' ^+ j7 ~$ G/ A1 nSTOCK 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. $ A7 ~5 T, O- n+ i
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MARKET CORRECTION -- The day after you buy stocks.
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8 C" J% ^2 z" OCASH FLOW -- The movement your money makes as it disappears down the toilet. 8 v- H0 Y3 {$ \9 r- ~
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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.
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. % a( S0 ^7 h; _, T
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PROFIT -- 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.
+ j. f6 p7 \2 B1 ^With Fannie Mae, you would have $2.50 left of the original $1,000.
! R9 _! }5 _) {- eWith AIG, you would have less than $15 left., X" O) ^* \4 u' |8 e" y4 C
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. % `2 Q7 V; R I1 Y0 o& i/ e8 [
Based on the above, the best current investment advice is to drink heavily and recycle.1 p; T( I+ S7 ~0 V0 V( M& Q6 K
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What is the difference between a Wall Street Stockbroker and a pigeon?
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" a# b4 s/ J: x! p2 g A pigeon can still make a deposit on a Mercedes.
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Politicians and diapers have one thing in common... 9 v/ S1 H. d0 M+ V8 S/ [4 y
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...they should both be changed regularly and for the same reason. |
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