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 New Stock Market Terms:
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8 H0 i! _* @# PCEO -- Chief Embezzlement Officer.
. C8 p5 h' J* a" `& F/ x6 o( _0 ACFO -- Corporate Fraud Officer. 9 L* ~9 u: F# L3 s7 `: y5 b* M5 ~
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
2 X* ]1 H' G+ L2 [) P4 J, X; fBEAR 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. 7 K* i5 u5 o; S) F' c+ P
9 F! P# N4 `4 Q0 `1 I, l0 C$ p2 [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. 8 q* [" k' h/ c; @9 W5 K/ l- x3 W; u
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STANDARD & POOR -- Your life in a nutshell.
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STOCK ANALYST -- Idiot who just downgraded your stock.
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: f$ N+ i& V& z3 `5 V) h: n, WSTOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.
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( X" ~2 B0 ?& l% Y4 XFINANCIAL PLANNER -- A guy whose phone has been disconnected.
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MARKET CORRECTION -- The day after you buy stocks. / G/ g: g7 h/ R$ l7 g
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CASH FLOW -- The movement your money makes as it disappears down the toilet. 4 e' U, O1 [! ~( S
+ I9 t3 z& O4 ?; WYAHOO -- What you yell after selling it to some poor sucker for $240 per share. 6 ^$ S$ k9 m# n/ i6 l- ]
. | L1 ^1 p/ c' g, V( E7 uWINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.: i% V( L# ~7 a( V0 Q' R
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
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PROFIT -- an archaic word no longer in use.& L9 @! s ~$ X: H" x! o7 \) D
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If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.5 A$ x& O/ u9 {) c# h
With Fannie Mae, you would have $2.50 left of the original $1,000.! t, I4 C% z9 y6 b
With AIG, you would have less than $15 left., E* c- V" H4 p. t4 _
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. ( k: @8 s5 |, y, d
Based on the above, the best current investment advice is to drink heavily and recycle.
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* d I0 `' {, F4 M2 X8 r& jWhat is the difference between a Wall Street Stockbroker and a pigeon?
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! {+ J# ?" X: t W' Z- P A pigeon can still make a deposit on a Mercedes.
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Politicians and diapers have one thing in common... z7 H* Z/ U, }% [
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...they should both be changed regularly and for the same reason. |
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