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Muppet on muppets: Kermit the Frog live from NYSE

Though Wall Street may mean one thing by the term "muppet"—a gullible investor— a real Muppet doesn't think the word sounds all that bad.

Kermit the Frog, star of the upcoming "Muppets Most Wanted" movie, spoke on CNBC's "Squawk on the Street" on Tuesday, a day after he rang the opening bell at the New York Stock Exchange. Asked about the use of the word "muppet" to describe investors, a practice brought to light by a former Goldman Sachs director in 2012, Kermit joked that traders couldn't have meant to insult anyone.

"I'm not sure it's derogatory," Kermit told CNBC. "I think he's saying his clients are consummate professionals and very organized. Some of them might have been green. They certainly deal with green. They obviously would never say anything derogatory about Miss Piggy."

Kermit added: "Miss Piggy thought Goldman Sachs was a jewelry place. She's a little out of touch."

—By CNBC's Jeff Morganteen. Follow him on Twitter at @jmorganteen and get the latest stories from "Squawk on the Street."

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