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 New Stock Market Terms:1 L- l) V% n2 S2 a1 \
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CEO -- Chief Embezzlement Officer. : y! d7 t- |" x: L6 v
CFO -- Corporate Fraud Officer.
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& S' g8 W/ Q4 j7 J6 ^BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. , p" Y% ^: Q- Y0 r
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. * ]9 i$ e7 a5 Y1 _* k; a
4 f! y3 ~4 t. ?4 t1 I* KP/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. $ ]" Q9 r) E! ?2 T) R* W0 t
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STANDARD & POOR -- Your life in a nutshell. % R& \1 M. n$ l
& o4 @% c9 ?$ [/ S7 cSTOCK ANALYST -- Idiot who just downgraded your stock./ ~ L9 L3 c( @, I! I, @, ]
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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. * O: h, K# M9 E1 L& ^
; J' i. Q% Z7 ?# UMARKET CORRECTION -- The day after you buy stocks. ( ]/ U8 A, M4 b0 ?
9 w: F4 z( O+ B4 y4 N; l+ Q* FCASH FLOW -- The movement your money makes as it disappears down the toilet. 7 R6 @/ X- N6 b6 A0 ]9 l$ A' P J
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YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
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WINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share. G$ {- [* h3 g ~, v% O" E c
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
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, z2 \9 X8 [5 F# t$ Q$ t" WPROFIT -- 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.
& q" ~) ~ ?" z% L; g* oWith Fannie Mae, you would have $2.50 left of the original $1,000.1 n- N; n4 A# U; m- h* a$ h
With AIG, you would have less than $15 left.6 r) ]" w ]$ U! D: W
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 $214 cash.
* [9 d" [5 J" ], r7 M* J5 ZBased on the above, the best current investment advice is to drink heavily and recycle.% w' M: y6 C: }: }
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What is the difference between a Wall Street Stockbroker and a pigeon?
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0 y6 o6 ^: ?( _( {) Y0 C A pigeon can still make a deposit on a Mercedes.
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Politicians and diapers have one thing in common... % `& f* s+ {0 F
' d1 Y; b' T' T! b) o. B1 q8 M6 @$ p ...they should both be changed regularly and for the same reason. |
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