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New Stock Market Terms:
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CEO -- Chief Embezzlement Officer.
+ l t" ]& M& V3 |+ l$ fCFO -- Corporate Fraud Officer.
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. ' R+ x% B6 Z1 s2 ?3 }( 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. + ?$ T6 l4 G3 [* p' o7 V
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VALUE INVESTING -- The art of buying low and selling lower.
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0 P+ D: u0 N5 g4 U6 ?8 DP/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. # R0 ?) w0 u% ?0 q# y- j ~
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BROKER -- What my broker has made me. % |1 \2 n/ m, O' ]6 H
( w7 ?& b1 `- [( {. x2 `. Q M( Z. wSTANDARD & POOR -- Your life in a nutshell. 1 A& L5 |& q. ]4 _9 |/ u
7 p4 M+ L' X9 k4 Y! b6 v eSTOCK ANALYST -- Idiot who just downgraded your stock.9 C |) ]) G( i' x9 z. d
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STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. 1 o/ D/ s2 \4 m; I' E
' }3 [; } P) ^4 Q9 qFINANCIAL PLANNER -- A guy whose phone has been disconnected. " T8 p/ g" _3 _! p! b$ ?" @& N |
* V( {5 j* r! ^9 n7 I' rMARKET CORRECTION -- The day after you buy stocks. / ^3 s, R7 {, g1 U4 c
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CASH FLOW -- The movement your money makes as it disappears down the toilet. $ e4 a4 E2 ~( d( e" t1 \( f( M* @
/ Y7 |5 Z9 j+ ]" T- d+ }: k2 ^# }YAHOO -- What you yell after selling it to some poor sucker for $240 per share. , S: X4 r. q) ~- [
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WINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.! Z9 p& |& Z \& m3 w/ E
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
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$ N- j6 I; f% f. l) O" I* Z; tPROFIT -- 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.0 c5 p5 m9 g# o# x2 e) k8 o: n1 m% _
With Fannie Mae, you would have $2.50 left of the original $1,000.3 x* L4 N, N9 L5 C+ P3 R
With AIG, you would have less than $15 left.! T' F- N, n" u5 Q$ r
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.
4 L) w4 P6 d# Z! j* ?! gBased on the above, the best current investment advice is to drink heavily and recycle.! j0 Z8 e2 v9 F7 C6 O, {9 u
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What is the difference between a Wall Street Stockbroker and a pigeon?
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1 m. w8 O& P4 N3 B2 t; ]: B+ e A pigeon can still make a deposit on a Mercedes.8 H% W; S6 M% a7 v& d8 i
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3 n: [- Y- L% X7 rPoliticians and diapers have one thing in common...
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...they should both be changed regularly and for the same reason. |
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