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 New Stock Market Terms:
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9 f. u7 o7 N+ g5 q' b$ {CEO -- Chief Embezzlement Officer. # V# \4 F8 U3 C' n/ Y9 ^
CFO -- Corporate Fraud Officer. + y2 g9 k/ n5 @! q. b# e
' L; B' _; q, L- {BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. ( \! m; k( ^7 b) a& W% L3 [! Q
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.
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' d3 l6 O' w1 B* [3 H+ RVALUE INVESTING -- The art of buying low and selling lower.
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1 D4 @1 S+ n: N: P* S& d ?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. 9 I* x3 x" r$ _) y
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STANDARD & POOR -- Your life in a nutshell.
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# s" L" T' O' Z5 Y gSTOCK ANALYST -- Idiot who just downgraded your stock.0 b. ~3 f2 s. x: Q# I
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STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. 8 Z% z$ U2 r N( [
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FINANCIAL PLANNER -- A guy whose phone has been disconnected. - C& N. J7 {. L, b
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MARKET CORRECTION -- The day after you buy stocks. ; o. g3 e' t- Q9 j( E2 `9 `
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CASH FLOW -- The movement your money makes as it disappears down the toilet. ; ~3 s8 W- j6 s& C: u: O
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YAHOO -- What you yell after selling it to some poor sucker for $240 per share. 5 z' U4 O) \& y
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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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0 Y4 l1 s3 e0 u9 H- B' `INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
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7 A3 m: m# ]- x }PROFIT -- an archaic word no longer in use.
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% t' H+ v6 v5 P+ q1 ]If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.7 w, }* n B& V) }6 n0 N+ o; S
With Fannie Mae, you would have $2.50 left of the original $1,000.
2 M9 w9 l [6 k0 L% c# m. ]With AIG, you would have less than $15 left. i8 [& J. V6 G( W* Q
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 $214 cash.
. g" v0 F# Z" i( gBased on the above, the best current investment advice is to drink heavily and recycle.
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What is the difference between a Wall Street Stockbroker and a pigeon? ; \' u0 E, G1 R3 _" y% R
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A pigeon can still make a deposit on a Mercedes.
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0 O, R n0 |; J$ s. NPoliticians and diapers have one thing in common...
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...they should both be changed regularly and for the same reason. |
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