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 New Stock Market Terms:9 S1 o* Y" m6 Z: c
0 I. ^. Y% Y3 }6 r; O* v ZCEO -- Chief Embezzlement Officer.
# |' b) s {- z' g8 kCFO -- Corporate Fraud Officer.
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z" a/ o2 E3 c& I+ K3 R, s; M( `BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. 8 d& B0 n3 y' l6 e
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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: H( F) c! h/ C6 k3 F( pVALUE INVESTING -- The art of buying low and selling lower. # p, H& F4 |. s) o& u
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P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.
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& j) h7 ~0 t( N& bBROKER -- What my broker has made me.
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3 o R$ H# R% c2 gSTANDARD & POOR -- Your life in a nutshell.
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STOCK ANALYST -- Idiot who just downgraded your stock.
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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. ( q2 x8 ~! l; M6 O+ y7 D; l
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MARKET CORRECTION -- The day after you buy stocks. " P( u' t; K$ n$ D, i# N
; J# b2 r# O4 m9 lCASH FLOW -- The movement your money makes as it disappears down the toilet. * V0 m6 J+ v: P+ v1 d7 Z
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YAHOO -- What you yell after selling it to some poor sucker for $240 per share. 4 H5 P$ ^. ?: K6 z5 l+ }+ V4 Y g
, ~7 n# G4 \- b8 AWINDOWS 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. . h4 ^% g, Z; K, v3 Q4 k% I/ x
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PROFIT -- an archaic word no longer in use.
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! o3 j6 a2 X6 H9 f WIf you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left., T/ g; S# W" `/ G* G- a$ R
With Fannie Mae, you would have $2.50 left of the original $1,000., R: @ U4 B; Y: s+ T+ Y2 p
With AIG, you would have less than $15 left.0 K" o9 B: l" ?. Q* I/ l
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.
, A& u/ I% k% z& O% `' p+ yBased on the above, the best current investment advice is to drink heavily and recycle.* J' j7 b) ~; U1 L; N
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What is the difference between a Wall Street Stockbroker and a pigeon? i; x: Z0 A3 i1 U# J" y3 M: Q- D
. F, c- H1 s( l, z A pigeon can still make a deposit on a Mercedes.
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Politicians and diapers have one thing in common... ) s* v7 N1 H! H1 Y0 x, q; R
0 A! V2 Y( b* z% y0 Q ...they should both be changed regularly and for the same reason. |
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