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 New Stock Market Terms:; f& @1 D! e& m _
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CEO -- Chief Embezzlement Officer.
( U* t, H. |, Z4 oCFO -- Corporate Fraud Officer. 4 s( N3 g: B8 E( L8 y( v
. T( z- ]- [6 A" V% k7 h% j( M( vBULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
8 x; Y' R) C, d- S& j0 p5 JBEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex. / w( S( X9 t: |
) d9 @) j# C1 I& e& z% sVALUE INVESTING -- The art of buying low and selling lower.
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+ Y: w: |6 e* ?, MP/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. ' H9 V. \! Y+ d4 l& Q4 [1 \7 k
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BROKER -- What my broker has made me.
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; G% E0 \) I7 t+ B5 x% x- pSTANDARD & POOR -- Your life in a nutshell.
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1 K, T3 g( d; P: 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.
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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.
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1 ?. x' L& A: ]CASH FLOW -- The movement your money makes as it disappears down the toilet. ; |2 `- \+ P( [9 I8 {9 G" h, a
& h: w4 ~5 L- O, _7 CYAHOO -- 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 @ $240 per share.* Y4 o/ p- J" O9 `
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. ; K* i+ o q* m+ @$ {! g2 I
% Y- A, @9 e7 k4 t- p# Q! ZPROFIT -- an archaic word no longer in use.: `& L" C: p1 r& G3 N B) o9 p
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3 f% {' Y5 x, b& M' y; xIf you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.
# C0 Z* {" e; NWith Fannie Mae, you would have $2.50 left of the original $1,000.# ]) {% B0 a, [- `6 n" X% K3 Z p
With AIG, you would have less than $15 left.9 n- c) @5 M# M, Y
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 $214 cash. ) ^& r T$ N- |, |2 y
Based on the above, the best current investment advice is to drink heavily and recycle.8 h6 x/ t9 h% k
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% j& G, `% j# A4 aWhat is the difference between a Wall Street Stockbroker and a pigeon?
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' Q8 |) O8 X' c" { A pigeon can still make a deposit on a Mercedes.% t$ e' D+ H" b! w/ r8 V
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+ t6 ?( ?3 C& jPoliticians and diapers have one thing in common... , |; H c, S8 O, M' u6 V+ j6 L) p& p1 t
3 ?& K- U+ J7 a, e& L. v- F$ d ...they should both be changed regularly and for the same reason. |
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