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 New Stock Market Terms:
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CEO -- Chief Embezzlement Officer. 5 n0 M1 W% L' D
CFO -- Corporate Fraud Officer. 2 e: T0 |6 F% X" q3 E! o4 O. C
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. 3 b' K1 R3 B y. X& I5 b
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, v* L, y7 r/ {
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VALUE INVESTING -- The art of buying low and selling lower. % s Q! j& `" Z$ ^7 v! o
7 t9 _: Y. J- aP/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.
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" B3 i* P* `3 P) M6 nBROKER -- What my broker has made me. 8 Q, m( M1 L' ?5 Y
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STANDARD & POOR -- Your life in a nutshell. ; l% t6 T( G d( D x& n
/ Y$ }0 T+ ^# \# R; aSTOCK ANALYST -- Idiot who just downgraded your stock.# S+ E* J; S0 C* h7 W( }2 r$ k
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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. 0 U6 L) V2 |" w- @- i# H
4 O) K2 o3 i3 }; L& b+ lMARKET CORRECTION -- The day after you buy stocks. 8 z% v' W! H; J- L- n2 Z
) E+ q3 L/ p0 L2 S: K% v) WCASH FLOW -- The movement your money makes as it disappears down the toilet. ' `- d& ?* G% }/ y! J X! J4 r& k
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YAHOO -- What you yell after selling it to some poor sucker for $240 per share. ( M+ C* x6 m& H* v
2 z- X3 C5 y4 ZWINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.7 r, f! a5 e5 D; l% Q" s
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
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& _4 u1 J" }. U- {9 ]PROFIT -- an archaic word no longer in use.3 N y. |( o0 V- @0 V' L
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$ N7 d1 G& E7 H N% L) A t4 CIf you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.6 u8 S& Y& F& a3 ^ C9 ]
With Fannie Mae, you would have $2.50 left of the original $1,000.9 X0 @) F% }6 K- ]6 a7 `
With AIG, you would have less than $15 left.2 B+ b4 B/ ]5 P! 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. $ j. O3 k1 l. T
Based on the above, the best current investment advice is to drink heavily and recycle.
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/ z8 N4 L' E$ vWhat is the difference between a Wall Street Stockbroker and a pigeon?
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A pigeon can still make a deposit on a Mercedes.
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Politicians and diapers have one thing in common... ! g, U. p' X$ d# ]
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...they should both be changed regularly and for the same reason. |
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