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 New Stock Market Terms:# L; S- K' K% N1 _) D
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CEO -- Chief Embezzlement Officer. 9 L% p2 T" T8 C) j; _2 Y1 \+ e
CFO -- Corporate Fraud Officer.
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. $ [2 p r" D J3 i
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. . S0 P1 }7 p0 W# h0 Z/ g
6 p& p! R/ b! v& N" Z, hVALUE INVESTING -- The art of buying low and selling lower. ' M. U1 g+ a L
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P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.
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( K% H- c2 W' |+ M' EBROKER -- What my broker has made me. 4 j' o0 Y+ d9 {( q; P
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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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$ R: ^3 e1 M x& Y1 H0 k. PSTOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.
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0 ?5 Q/ m+ @* O G) U' JFINANCIAL PLANNER -- A guy whose phone has been disconnected. - s/ C7 `! Y0 a7 {
+ ^' N; t4 L: C! `" w3 MMARKET CORRECTION -- The day after you buy stocks. 8 q" \' ?2 _7 j0 W; E
6 R# c3 U, V4 ~: [CASH FLOW -- The movement your money makes as it disappears down the toilet. ! T: R6 p! z+ f. L
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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 @ $240 per share.$ u) s. M) ^9 @0 Q' y( n8 Q" P/ O
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. , Z! b: w! R6 B
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PROFIT -- 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.
$ Z( [/ y* G- X" hWith Fannie Mae, you would have $2.50 left of the original $1,000.. d3 S0 }! q( Y% V# k& r/ z
With AIG, you would have less than $15 left.% k5 b# A0 H$ N( @
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 $214 cash.
9 y0 b) L: D; j( VBased on the above, the best current investment advice is to drink heavily and recycle./ v1 j, z6 `: _2 _9 u
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( n! Y+ P& f0 g' cWhat is the difference between a Wall Street Stockbroker and a pigeon? 5 D. }! r. }' ]5 q. {, J& L
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A pigeon can still make a deposit on a Mercedes.
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+ K9 f x$ U- N2 Z/ _+ H4 n3 KPoliticians and diapers have one thing in common... # n3 Q. m4 e! Y: S7 }
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...they should both be changed regularly and for the same reason. |
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