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 New Stock Market Terms:9 N. w S. B+ r L# P
3 F- X/ G3 Z& Q! Y2 a4 HCEO -- Chief Embezzlement Officer. 4 J1 W( r4 K- K8 n( ], O# Y
CFO -- Corporate Fraud Officer.
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: Z+ {& O9 ~, @' hBULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
6 U, W& e& @1 N( O, M+ gBEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex. , V, H0 b: |8 \6 L/ b0 X9 Z. u+ B
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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. $ M' O( G- b9 _/ k
5 U- D+ b* B/ |6 y4 d3 |9 I6 W: i$ tBROKER -- What my broker has made me. 0 l4 J# `& J6 }! ~8 X
. `- {( f- _, l4 B9 ^, tSTANDARD & POOR -- Your life in a nutshell. # i8 M, B% u+ I3 }9 l
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STOCK ANALYST -- Idiot who just downgraded your stock.% N" g9 ~+ B2 z& T7 V# m( |2 t
( i% i4 b% F' OSTOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. , `/ N% m7 c, y
) C7 c# p! ~& {# C2 G: f" [9 A/ `FINANCIAL PLANNER -- A guy whose phone has been disconnected.
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MARKET CORRECTION -- The day after you buy stocks. : m: c2 A5 d3 r1 l" j# a* B3 T
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CASH FLOW -- The movement your money makes as it disappears down the toilet. - r. @7 ]" Y- H1 G) j& w' d
* H' Z" l _6 h: bYAHOO -- What you yell after selling it to some poor sucker for $240 per share.
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8 z8 e# H. S3 G9 Q- W8 N% B9 eWINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.0 b5 v0 S# r4 ^6 L
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INSTITUTIONAL 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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If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.- a9 }% A0 T! l1 b8 {
With Fannie Mae, you would have $2.50 left of the original $1,000.2 d5 U# X$ m: _+ V
With AIG, you would have less than $15 left." Y7 H6 l% s& g) f% f
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 $214 cash.
- r4 I$ H* p/ F7 lBased on the above, the best current investment advice is to drink heavily and recycle.& n. ~' g4 C1 e
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6 T' M7 t j' N- n8 R( pWhat is the difference between a Wall Street Stockbroker and a pigeon?
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* K" O5 w' C3 m9 f' h% O% | A pigeon can still make a deposit on a Mercedes./ I4 J9 r6 v" p P+ s! r' N5 p i
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Politicians and diapers have one thing in common... ! d4 A- M. P/ |% X) u" E
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...they should both be changed regularly and for the same reason. |
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