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 New Stock Market Terms:5 p- \% X+ Q" _# O( c9 N
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CEO -- Chief Embezzlement Officer. }1 r% M% f6 t: B( K
CFO -- Corporate Fraud Officer. ; o9 U; l: e5 }; f
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
' i$ v! l( ]! s0 ?" TBEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex. - K y* }: P7 ?8 J5 s0 i( B8 p
! L6 R/ x; i0 |. K) h4 zVALUE INVESTING -- The art of buying low and selling lower.
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: n% F H! |9 U, ` _. OP/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. " }! O# m& U. J d$ J# T) D D
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BROKER -- What my broker has made me.
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STANDARD & POOR -- Your life in a nutshell. 7 ]9 T* t! _ c$ b& ]8 {8 ]( A# N$ G
$ r F: g4 `. `+ j0 I7 D# |STOCK ANALYST -- Idiot who just downgraded your stock.1 b) j% l9 e9 ^/ n: f
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STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.
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- h# v' r- |- ~& Q' dFINANCIAL PLANNER -- A guy whose phone has been disconnected. # r2 l' ~% E+ ]5 u
) c& N5 v! i V bMARKET CORRECTION -- The day after you buy stocks. / G0 G& @8 k) U8 \" r [( T- U
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CASH FLOW -- The movement your money makes as it disappears down the toilet. - P/ J. l' Y( l& a; |7 I
' V" P: Z; K# b* ]2 p rYAHOO -- What you yell after selling it to some poor sucker for $240 per share. & z0 U) _' Z+ @: A7 X
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WINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
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PROFIT -- an archaic word no longer in use.3 r" o* Z% I+ c9 x9 j8 \5 m
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, O0 U1 j ^" q" \( A+ vIf you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.
- s' F5 h I: ZWith Fannie Mae, you would have $2.50 left of the original $1,000.
$ u. a- w {7 C* p p2 x! u; L. dWith AIG, you would have less than $15 left.
5 L- m1 }6 G5 q6 UBut, 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 $214 cash. , I2 k$ B; \2 A# K1 A; t8 U- n* X
Based on the above, the best current investment advice is to drink heavily and recycle.
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What is the difference between a Wall Street Stockbroker and a pigeon? . b& e7 [ d. f% ?- l# b$ V4 d) X! @
+ T$ T3 R/ j Y; e( b A pigeon can still make a deposit on a Mercedes.
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Politicians and diapers have one thing in common... 0 T0 \8 S7 ~1 [6 {
9 H' ~4 J& N. J ...they should both be changed regularly and for the same reason. |
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