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 New Stock Market Terms:. A. a; G! p8 J* o2 Q
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CEO -- Chief Embezzlement Officer. ; t: r. v* U! u% h
CFO -- Corporate Fraud Officer. * X" |1 q/ ^8 @( I7 a
5 O, P B' }7 i5 o5 hBULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
' b: v6 ]! t# UBEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex. . u8 }! d9 f9 A g) Q" _
; Z3 N2 z# F& W DVALUE INVESTING -- The art of buying low and selling lower. + O3 `0 B* N- V; X+ W
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P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing. 4 Z7 O/ ~ K- r1 z" Y: d
9 u8 b/ O2 p8 K. i5 Z7 `BROKER -- What my broker has made me. % ^9 Q' E" @1 S) {8 @" U1 u
& e3 o- X F2 QSTANDARD & POOR -- Your life in a nutshell. 9 l9 C/ \0 z% A# i: a) b
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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. 9 l. t, T K x) _. u- R# j
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FINANCIAL PLANNER -- A guy whose phone has been disconnected. 0 ~4 N2 x z# p. b* ~
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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.
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% o: a% W, A$ S" B4 H qYAHOO -- What you yell after selling it to some poor sucker for $240 per share. * z3 @' k) s& }) J3 q
6 P" b# u* e, {( |9 `2 DWINDOWS 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. & j5 z# p3 |) _5 ]3 x& z
9 a4 X. d' p+ s0 A2 R. y6 @PROFIT -- an archaic word no longer in use.
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2 r8 n3 h8 r7 ~( \If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.+ O/ P9 N F- J( I, r* L1 i+ D% l
With Fannie Mae, you would have $2.50 left of the original $1,000.7 D% a8 ?1 U6 { o& |) ~4 e
With AIG, you would have less than $15 left.# T! u/ m1 t3 p
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 $214 cash.
9 H4 X( ~; p7 [; M% k' EBased on the above, the best current investment advice is to drink heavily and recycle.
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3 j2 L# t/ O, Z' P) V. L9 R1 oWhat is the difference between a Wall Street Stockbroker and a pigeon? : ~- Y# t. `5 ~ ~3 I: V
' x7 o- e% W9 L3 ? A pigeon can still make a deposit on a Mercedes.
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Politicians and diapers have one thing in common... 6 ^( t$ a: k2 z% t" K1 R
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...they should both be changed regularly and for the same reason. |
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