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 New Stock Market Terms:
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CEO -- Chief Embezzlement Officer. 4 @4 t* F/ b, |! l0 j- @
CFO -- Corporate Fraud Officer.
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, d8 `9 w( h! L! d, {BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. ( J8 C( c" Z/ Y, Q3 ^
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. 7 H8 |- l# y2 W5 |; e, R9 g
# ]) L1 N; I* L6 pVALUE INVESTING -- The art of buying low and selling lower.
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P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. + W! _% s, E! ?; D( ~$ a
7 ^5 A9 X% ^. C4 h. F9 D8 fBROKER -- What my broker has made me. 8 E% X+ Z; B* ^# ^
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STANDARD & POOR -- Your life in a nutshell.
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$ O0 C* L) h7 M7 K% q3 h; vSTOCK ANALYST -- Idiot who just downgraded your stock.
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STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. - \# m0 Q& a' B8 X
( z6 D& Q, t1 P+ ^8 e. IFINANCIAL PLANNER -- A guy whose phone has been disconnected.
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MARKET CORRECTION -- The day after you buy stocks. 8 o, B9 K' i0 @- [, r2 K
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CASH FLOW -- The movement your money makes as it disappears down the toilet.
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1 s7 S7 J5 v( L+ e8 E& jYAHOO -- 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 @ $240 per share.1 R+ h3 M( g2 c) z# n: z! c* X5 W
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
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" e$ }/ b. X3 t6 Z# Q8 W$ X4 XPROFIT -- an archaic word no longer in use.6 Q' o# L8 \# S, r/ T+ x( e N
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If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.+ q! y& T8 Z# E! H- \8 X
With Fannie Mae, you would have $2.50 left of the original $1,000.' T6 W+ M6 y0 e# H' p! ^' S$ N
With AIG, you would have less than $15 left.$ t P" V& s) p
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 $214 cash.
4 s- p& e4 h, o! l7 w1 t6 s8 e: N) ABased on the above, the best current investment advice is to drink heavily and recycle.
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$ n8 K8 O! f9 b% VWhat is the difference between a Wall Street Stockbroker and a pigeon? 0 }3 x1 M- X, @9 o5 w$ n( v
8 Z+ d* h8 A S2 [" @ A pigeon can still make a deposit on a Mercedes.
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Politicians and diapers have one thing in common...
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2 H+ J! F& B. t, R9 {* l8 D ...they should both be changed regularly and for the same reason. |
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