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 New Stock Market Terms:
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CEO -- Chief Embezzlement Officer.
' `9 \1 f5 f1 Z! F! U) j1 R/ }CFO -- Corporate Fraud Officer.
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
, ` x+ \* ^( r) NBEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex. & A7 j3 c; T$ m r
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VALUE INVESTING -- The art of buying low and selling lower. : }" {6 l4 E7 u( K8 z2 _! v
! I. ~3 h3 y: s E0 hP/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. % B6 }2 Y+ F0 u/ V/ B' X& t# N) y
\2 N% u. V8 ]: ^. vBROKER -- 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.1 l/ u4 g: q { x! y1 d4 ]" n3 B
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STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves. h8 x2 g3 @! W5 Z0 k v3 G
2 {7 O/ M" p: }5 a, l7 b+ \- M! RFINANCIAL PLANNER -- A guy whose phone has been disconnected.
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MARKET CORRECTION -- The day after you buy stocks. ' e8 F4 E4 s9 X! Y3 j$ U: L# w9 b
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CASH FLOW -- The movement your money makes as it disappears down the toilet. 1 i. w( Y$ b$ \# j2 b) x
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YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
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: m1 g" u8 M4 R- \7 J i, YWINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse. 2 X# f/ Q. L% x' P/ N* g
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PROFIT -- an archaic word no longer in use.' N; m$ W0 C3 {3 V
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If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.* A: W/ _3 i; G( w, [3 A
With Fannie Mae, you would have $2.50 left of the original $1,000.9 \1 n3 E" h" q# N6 v+ b
With AIG, you would have less than $15 left.
; p, @- A8 ^0 h: s% D7 nBut, 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 $214 cash. ; a! _4 ~! D i3 E# p5 K ?; x0 t
Based on the above, the best current investment advice is to drink heavily and recycle.6 `; V) R! h8 G
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1 x2 u( S7 m0 L1 l$ X) c1 Y5 v: tWhat 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.
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Politicians and diapers have one thing in common...
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0 D: N8 y9 [0 }* G W4 T# c ...they should both be changed regularly and for the same reason. |
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