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 New Stock Market Terms:
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CEO -- Chief Embezzlement Officer.
p$ M: C; `/ I; w8 Y& w1 a! CCFO -- Corporate Fraud Officer. s4 u0 N8 `3 O# d" c5 J+ m) F8 Z& f0 u/ u
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. 5 n3 g: n5 `/ c% c: @; n
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. L0 ~1 [ m/ }4 J
6 I9 O6 ?0 _2 \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.
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BROKER -- What my broker has made me.
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STANDARD & POOR -- Your life in a nutshell.
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STOCK 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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( j+ k: Q9 C7 k8 h% U( K) GFINANCIAL PLANNER -- A guy whose phone has been disconnected. ! N% i: G P6 w
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MARKET CORRECTION -- The day after you buy stocks.
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1 A* ?' p9 ]. o* xCASH FLOW -- The movement your money makes as it disappears down the toilet. . M9 @, @5 h0 u# Y9 U% \
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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.
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. 9 P) l+ O O, ?( B3 R
& F3 q, M5 p1 E" f8 vPROFIT -- 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.. p- t4 n/ U3 }; m0 l
With Fannie Mae, you would have $2.50 left of the original $1,000.& a# _9 h9 o1 Q$ n6 ]0 @5 \
With AIG, you would have less than $15 left.9 i5 I+ Q; v% L$ o: n/ g
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 $214 cash. # n. \$ d! e) Z& N( K
Based on the above, the best current investment advice is to drink heavily and recycle., C8 |; V5 h1 U3 p; ], ?8 G+ r
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" u) R2 Y' e1 PWhat is the difference between a Wall Street Stockbroker and a pigeon? " U) e3 b# A1 g& J9 w) j% p
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A pigeon can still make a deposit on a Mercedes.: I e1 v* y+ I
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' c! O4 ?; `, G j$ T; yPoliticians and diapers have one thing in common... " {/ Y/ n. o+ m) b) w
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...they should both be changed regularly and for the same reason. |
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