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 New Stock Market Terms:% H1 V) n" {# H$ J/ ^
5 z1 Q3 V2 i3 }3 E. YCEO -- Chief Embezzlement Officer.
% L/ \/ N7 t8 n& T$ I0 _CFO -- Corporate Fraud Officer. + {# v3 d# i0 Q4 A2 S* b) t( V
@! Q! M$ G! X8 H+ W% sBULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
- c: c$ k# _- W& a0 [0 O1 T3 lBEAR 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.
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" z5 K' z# T6 X* w" D$ HP/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.
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3 u- K& z; E) w; yBROKER -- What my broker has made me. - C' J* `% c: b' L7 ?1 i# T
u% p9 q! I( M! A7 M* aSTANDARD & POOR -- Your life in a nutshell.
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/ R7 a: D. r0 r' K: CSTOCK ANALYST -- Idiot who just downgraded your stock.' K3 p/ `& {' z: L/ F
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STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. 6 U; \; r2 C# R8 t4 R+ }+ h- H6 S
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FINANCIAL PLANNER -- A guy whose phone has been disconnected. , B4 S0 F6 d7 N- I0 `$ F
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MARKET CORRECTION -- The day after you buy stocks. . D) p# I" B% d9 P1 `
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CASH FLOW -- The movement your money makes as it disappears down the toilet. 1 @* L# H, _4 @. T0 Y. i
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YAHOO -- What you yell after selling it to some poor sucker for $240 per share. - V* p) s" B6 V% @2 f9 h! I/ x
' ~4 o9 o' _# W, N! H# z5 ]WINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.5 ~- k2 h3 n; P/ Z; r R7 v
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. ( N4 i) L! Q; c' @9 Z
# a+ A$ m' ?: j- kPROFIT -- an archaic word no longer in use.1 O* E, b, V8 O8 w N
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If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.) M) |+ t7 m% y7 h
With Fannie Mae, you would have $2.50 left of the original $1,000.& }! f2 j: c. I. `7 |6 ^4 w
With AIG, you would have less than $15 left.! E+ P* A: z: r2 B7 G
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 $214 cash. . [( T# y% p9 w3 Z; Z
Based on the above, the best current investment advice is to drink heavily and recycle.
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- M, \/ V3 N8 R# _$ X5 tWhat is the difference between a Wall Street Stockbroker and a pigeon? ' F; ]5 L0 N4 d3 s5 E# }+ h
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A pigeon can still make a deposit on a Mercedes.
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9 Y/ \: ]1 c2 L4 r, q5 q3 ~: a, `Politicians and diapers have one thing in common... 1 e% b& U3 z* O+ ?% s8 x
5 @0 r. w% z; j2 S1 E" E8 w7 d& c ...they should both be changed regularly and for the same reason. |
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