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 New Stock Market Terms:9 [) X" Y3 p; Z5 B6 @4 @5 [
1 @& k! [, H8 j# ^CEO -- Chief Embezzlement Officer. v9 }8 Y- J$ m& d& {) a
CFO -- Corporate Fraud Officer. : W0 v7 @4 d7 t. u; l A
: s4 V, b3 `- }7 n# Y9 QBULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. 3 @$ G2 D& F" p; b# W0 C5 W
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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1 L h% L; d& n' UVALUE 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. , X9 O0 w: h- A& E8 O
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BROKER -- What my broker has made me.
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STANDARD & POOR -- Your life in a nutshell. ( e( x* ~( J: ?: X# k9 f2 H
1 \! w: f7 ?9 s9 P3 W3 V5 OSTOCK ANALYST -- Idiot who just downgraded your stock.9 k$ Z: x) ~, w" y4 m9 e; w
* N i6 j0 @$ PSTOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.
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$ h" I% U8 L# w; h/ a" [2 s/ @FINANCIAL PLANNER -- A guy whose phone has been disconnected. & L( N; j7 ]5 M5 B+ x! U3 e @
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MARKET CORRECTION -- The day after you buy stocks. # j) V. g" ^6 [8 M
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CASH FLOW -- The movement your money makes as it disappears down the toilet. 1 ]6 d) g+ ~2 Z' a M
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YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
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- d( n0 f' Q( W$ n2 nWINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.
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% {1 `5 |% n# a5 z5 G, tINSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. 2 z* N E2 ?1 q$ R
; Z! C* {; q) L% B7 aPROFIT -- an archaic word no longer in use.
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If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.
* R p% g& r5 `6 d2 g2 K mWith Fannie Mae, you would have $2.50 left of the original $1,000.% A' N/ v: f4 [2 r) C% d- ^
With AIG, you would have less than $15 left.8 W7 O* _+ p1 k
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 $214 cash. # t' B% Q5 V: F0 m, w+ k
Based on the above, the best current investment advice is to drink heavily and recycle.7 E7 x$ w) T0 X- L
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What 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.. F" K. t j0 u) |5 D/ I
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Politicians and diapers have one thing in common... ; ^' n/ W5 d% l1 R+ f1 \9 T7 _
1 \" M# m4 O. x8 @' d& B ...they should both be changed regularly and for the same reason. |
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