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 New Stock Market Terms:% L! \0 D+ G% {# b
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CEO -- Chief Embezzlement Officer.
1 Y( B0 e) L" t7 x" w* }6 jCFO -- Corporate Fraud Officer. 5 N- k8 ?) p1 ^' x1 W T1 P
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. 3 ]. x3 v8 W0 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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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. / e" y* v* K9 i% ~ }1 c2 Z
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BROKER -- What my broker has made me. 3 \# M* ]; E- G6 }
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STANDARD & POOR -- Your life in a nutshell. ( l. ~+ S9 N3 ]; K/ W
) d6 I/ h2 ]1 G+ l2 X) _STOCK ANALYST -- Idiot who just downgraded your stock.9 y- T1 n4 i: s
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STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. 9 i# U3 T0 O9 @& B; S+ O& y
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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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CASH FLOW -- The movement your money makes as it disappears down the toilet. ' _% y/ C1 Z% i4 B
( N' e8 |% e0 B- P. }4 w* _YAHOO -- What you yell after selling it to some poor sucker for $240 per share. ! c* @8 E3 m# m1 \; y. U
% m+ p& e8 A" j1 D. m' k& \* cWINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
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( g0 ^2 Y4 A% l! cPROFIT -- an archaic word no longer in use.9 y7 u* R$ f- [* H% p0 q
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If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.
* i/ ]& B3 L) L7 h- C! F/ w8 q! ^With Fannie Mae, you would have $2.50 left of the original $1,000.- L) I: H+ \/ I+ z; g; B
With AIG, you would have less than $15 left.6 ?% S& \4 |3 t; U5 A
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. 4 _. b7 f0 t% u g ]; q ?2 F, _
Based on the above, the best current investment advice is to drink heavily and recycle.% W" A4 c# `( Y1 u+ a \( \9 R
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What is the difference between a Wall Street Stockbroker and a pigeon?
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1 n0 \2 p0 S5 h0 B A pigeon can still make a deposit on a Mercedes.# i8 m: v' ?$ l) ?0 e
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Politicians and diapers have one thing in common... 5 v, K0 r9 N+ O! T2 J
" m9 B0 [! [2 J6 p2 l ...they should both be changed regularly and for the same reason. |
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