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 New Stock Market Terms:# R: Y: k# ?# y! e( C8 J
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CEO -- Chief Embezzlement Officer.
O, ?6 j3 l1 X# T) M. Y# L t6 OCFO -- Corporate Fraud Officer.
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8 i ` N, k5 T L$ G+ HBULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. 8 {% e. Q* _. b% K7 j6 t4 `
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. " X9 c/ C$ J8 w8 E
: ]- O2 {; P- C3 }VALUE 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. 7 R( N4 u- K: r5 p, Z
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BROKER -- What my broker has made me.
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9 H1 b' y) m4 o4 RSTANDARD & POOR -- Your life in a nutshell. , z" M D; M+ ?( l
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STOCK ANALYST -- Idiot who just downgraded your stock.8 W6 J& Q! ?+ e0 Z; v9 Y; b- t" ]- A
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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.
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MARKET CORRECTION -- The day after you buy stocks. / y7 Y$ z& F" Q, U
6 ]6 ~! l/ }# q) p: {) [2 oCASH FLOW -- The movement your money makes as it disappears down the toilet. ' o( i( C6 D% k) f2 ? A2 R3 z
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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./ g& w' w( W6 S2 y+ E1 R
. K5 s, [. A5 D. ] @6 jINSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
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, l% i5 \0 L% z. T, w% gPROFIT -- an archaic word no longer in use.: c) ]) `; `' u, q1 D, R4 B) O
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5 a5 \: G0 ~. `0 c2 e6 g9 lIf you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.6 z5 h M% u/ _
With Fannie Mae, you would have $2.50 left of the original $1,000.: o6 l$ A: W4 S* s
With AIG, you would have less than $15 left.
3 |) K4 f$ U0 w" ]% v1 rBut, 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 $214 cash. 4 D0 a( [2 j6 @' V9 i
Based on the above, the best current investment advice is to drink heavily and recycle.
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. B& i$ P0 `6 r; PWhat 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.; G) w1 q! S3 I* ?! i
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Politicians and diapers have one thing in common... 1 O G! X. {; G/ e7 A. k
2 Y! I8 Z( r+ B ...they should both be changed regularly and for the same reason. |
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