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New Stock Market Terms:2 X" Q8 d; U9 d3 u8 Y9 v
7 r$ P9 N- \( d: k) C" n3 j3 kCEO -- Chief Embezzlement Officer. : _# ~1 L8 [, `6 H% C
CFO -- Corporate Fraud Officer. + ]0 c1 C9 v# H, M+ Q& A* W
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BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. " U( i& H2 S3 Y$ D
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. ( J! Z! U6 ^7 P% c
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VALUE INVESTING -- The art of buying low and selling lower.
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" V8 `$ U# i7 }; `- FP/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. * J1 D- C9 k) ?& i# }( Z+ h
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BROKER -- What my broker has made me. " \; j9 ?' U- k3 N& z6 @
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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. s2 g9 j0 a8 i: ]" B
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FINANCIAL PLANNER -- A guy whose phone has been disconnected. / p/ k% u8 V- s1 f
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MARKET CORRECTION -- The day after you buy stocks. % r6 O' ~# |( t+ ]+ G
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CASH FLOW -- The movement your money makes as it disappears down the toilet. / Y `; n7 p. H) e; I" X8 R- A
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YAHOO -- What you yell after selling it to some poor sucker for $240 per share. ; k& G0 W5 |1 E+ v' F! D# i! _. B
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WINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.( p2 p1 {& j5 n; F( U
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INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
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PROFIT -- 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.9 P& Q& W' V/ u9 q# ^+ F+ |
With Fannie Mae, you would have $2.50 left of the original $1,000.
2 U! u2 G0 p% H5 LWith AIG, you would have less than $15 left.
' N9 e8 U$ @& u/ [ o' [5 i8 EBut, 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. & Q4 P; D7 d& p
Based on the above, the best current investment advice is to drink heavily and recycle.
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' h( p; @( T0 v8 C N( B% s+ rWhat is the difference between a Wall Street Stockbroker and a pigeon? 5 J0 ?! S9 l' S! f
5 E; i3 N( S ^6 p' p% f" g" n8 L A pigeon can still make a deposit on a Mercedes.
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" A: E0 d2 k. z& D v# Y; ~Politicians 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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