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 New Stock Market Terms:3 P$ P+ P% U2 V) [
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CEO -- Chief Embezzlement Officer. 5 v: m) p" K' P$ I& @
CFO -- Corporate Fraud Officer. ' ?* F* T2 F5 N: b6 q- A! w
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. 6 a2 i' u0 X; p$ A8 W
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. # F% o" X1 ^1 Q, z$ h: y O
: d: a0 f j' m( v. SVALUE INVESTING -- The art of buying low and selling lower. * J5 e& d8 G b1 h, w' F
: {; d- I$ j3 `3 M A2 LP/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. # B+ S% ?1 Q" b" ^& P u: K( P
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BROKER -- What my broker has made me. ! S- v( D0 [, ~% X
% Z4 w# }& S, i3 `4 }& MSTANDARD & POOR -- Your life in a nutshell.
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6 l* M% G; y$ V/ @% JSTOCK ANALYST -- Idiot who just downgraded your stock.
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$ P, b4 q% V# ZSTOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. 4 I2 a* r$ J7 `4 u0 u1 V
5 V8 S+ o2 M6 |8 O# OFINANCIAL PLANNER -- A guy whose phone has been disconnected. ! ]7 f0 h2 G# c. l8 w
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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. + b% ]* [* F3 c( L' {) c. N6 q
: u* N1 `$ X. o/ i2 y/ G& ?YAHOO -- What you yell after selling it to some poor sucker for $240 per share. . w+ H e; g& [3 b9 p% K
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WINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.5 r0 E7 O: Q8 t% A: @
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
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5 M n$ C# l7 p# ^6 Q( n5 [ KPROFIT -- an archaic word no longer in use.3 c" t+ O9 B" Y2 V; z2 B
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If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.6 M3 P H2 e z
With Fannie Mae, you would have $2.50 left of the original $1,000.* S6 E! F( M8 L, @ \4 Y) N" `* ~
With AIG, you would have less than $15 left.2 i: L4 K3 G! @ W4 Q
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 $214 cash. - Z, o2 \' }7 ?$ \
Based on the above, the best current investment advice is to drink heavily and recycle.
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6 w% T# l. d& Q+ W7 w9 D* xWhat is the difference between a Wall Street Stockbroker and a pigeon? * n' K, v' W! S8 s/ N
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A pigeon can still make a deposit on a Mercedes.* U0 r3 a2 }" I! [
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, p( v, e- e4 s; H$ y' t0 [; qPoliticians and diapers have one thing in common... - o5 L5 V" F5 g: y o9 u& F
E. Z/ u% A$ x ...they should both be changed regularly and for the same reason. |
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