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 New Stock Market Terms:6 Q' R* S% p' ]/ a7 k B
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CEO -- Chief Embezzlement Officer. / i1 X5 J) |. q% X
CFO -- Corporate Fraud Officer.
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. : u% [; o- |4 X) \
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. ; r# _3 a! t' V1 c/ }* J H! j/ i$ Q
2 B6 c. l0 B! _: g9 Q2 M. h' ZVALUE INVESTING -- The art of buying low and selling lower. 3 @ @: l0 f) S( S7 K9 j% I
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P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.
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BROKER -- What my broker has made me. , i. W- n; C, U2 ?2 K+ \
; h- e+ |0 \% k1 B8 O) sSTANDARD & POOR -- Your life in a nutshell.
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/ u' T$ s& H: W7 dSTOCK ANALYST -- Idiot who just downgraded your stock.) D; v9 R! Z1 {: s* F
; d( Q( P) ?/ ISTOCK 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. 9 m( a( x9 u# D/ Q( W4 U. C @
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MARKET CORRECTION -- The day after you buy stocks.
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8 I1 s. z; z& D( ^7 UCASH FLOW -- The movement your money makes as it disappears down the toilet. . Y1 S* _+ D, 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 @ $240 per share., c+ R- P3 U, B$ n
* c# c7 n2 g7 D; mINSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
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PROFIT -- an archaic word no longer in use.0 ?% {" T. {5 t: A8 d
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If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.# j& a& n/ d& V8 r
With Fannie Mae, you would have $2.50 left of the original $1,000.4 R* Q7 ^% ?0 [3 C" K
With AIG, you would have less than $15 left.
- O, ? }2 e* h% XBut, 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 $214 cash.
. V k! X% ~% xBased on the above, the best current investment advice is to drink heavily and recycle.
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3 A6 J/ M- x: u$ B2 l. m0 ^2 ZWhat 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.
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Politicians and diapers have one thing in common... ' l8 w9 @* ^# b
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...they should both be changed regularly and for the same reason. |
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