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 New Stock Market Terms:$ C% N y8 u( F% j
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CEO -- Chief Embezzlement Officer.
( v) J$ P: u a- K2 uCFO -- Corporate Fraud Officer.
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& Q2 N) `- |( r* }1 vBULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. : V9 Y& J, T, X( l# x+ T, n
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. $ N3 L- \! c- i* y5 [
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P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. 2 J1 e" a) y2 q) \5 s; L* T+ q
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BROKER -- What my broker has made me.
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" s/ {6 e1 ]: P) d" F- U/ K6 \7 l- USTANDARD & POOR -- Your life in a nutshell. 4 Y( |: Z c* D
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STOCK ANALYST -- Idiot who just downgraded your stock.0 @8 z9 s/ \" U3 f
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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. 9 A( n& a7 F$ W( z$ T
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MARKET CORRECTION -- The day after you buy stocks.
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" n4 C9 m A) YCASH FLOW -- The movement your money makes as it disappears down the toilet. + f/ @5 D0 {+ D
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YAHOO -- What you yell after selling it to some poor sucker for $240 per share. 4 X( y5 S: u1 j5 `
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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.
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PROFIT -- an archaic word no longer in use.5 q" G& i" O" U. b
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9 g; f& L P+ y8 jIf you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.
' B. [ R2 N4 R5 u: c' A% Q. eWith Fannie Mae, you would have $2.50 left of the original $1,000.4 i3 O$ B' l8 w/ P4 E5 m
With AIG, you would have less than $15 left.# x9 K2 g. U) [8 h- l' e
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 $214 cash.
4 V! i: r3 C% J6 ?Based on the above, the best current investment advice is to drink heavily and recycle.' m+ p9 o/ `# ]5 A1 U) p% @
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3 h0 E S. Z z3 QWhat is the difference between a Wall Street Stockbroker and a pigeon? 2 u6 b, P8 v6 y8 ^# U
( s% s9 p* K! G3 Q5 k A pigeon can still make a deposit on a Mercedes.7 L" e- J* U/ r2 q
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5 x6 v$ T2 x* `Politicians and diapers have one thing in common...
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" \( T4 F7 j# _ O ...they should both be changed regularly and for the same reason. |
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