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 New Stock Market Terms:
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( m. g( Q; ?" m9 i6 _CEO -- Chief Embezzlement Officer.
" ] r: m5 f& h+ KCFO -- Corporate Fraud Officer. 3 s0 K \- f( B% u8 o, @
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
$ i& \% C* `6 C% }, WBEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex. & `+ [4 z Q$ A7 Z9 b& ]- x4 I
7 c A; l: x1 y% L, M9 z* VVALUE 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.
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BROKER -- What my broker has made me. # B% J: ]1 u9 F8 T4 y$ s- d
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STANDARD & POOR -- Your life in a nutshell.
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STOCK ANALYST -- Idiot who just downgraded your stock.) z, F4 `; h* L F. p) ~
& V V! U7 q/ {- O% @, mSTOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. b: E6 B3 I- s% f( w6 v
1 p2 p+ |$ K- d2 kFINANCIAL PLANNER -- A guy whose phone has been disconnected.
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2 u& C: ~$ v! n% }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 $240 per share.
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; J6 I* S" r3 N5 Q3 ^$ E$ d/ }( JWINDOWS 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. / e6 I: G! x6 q G- b6 a; k
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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.5 x% w4 |: N/ n& ^
With Fannie Mae, you would have $2.50 left of the original $1,000./ B' R3 h: s0 x' X0 ]9 r( i
With AIG, you would have less than $15 left.
8 @1 w) ~; p6 Q. d; u- ^8 ]0 _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 $214 cash.
" U) d. m$ b+ M- s& w: V: mBased on the above, the best current investment advice is to drink heavily and recycle.. W& o7 j. g- @6 w' R: b- i: q/ U
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What is the difference between a Wall Street Stockbroker and a pigeon? 2 w4 t# u$ I G* y
0 z/ R- z4 h: Q* V6 K* n0 q( _3 @ A pigeon can still make a deposit on a Mercedes.+ z/ v0 Z# e- T% t8 f- u
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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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