A slang term for an investor who sells shares at or below the bid price. This is considered outside the norm, as sellers normally settle for a price between the bid and ask quotes. The person is said to "whack the bid down", since selling at or below the bid will usually lower future bids. Bid whacking usually perturbs other sellers, since it may temporarily drive down the market price of a security.
A limited partnership or stock offering with no stated investment goal for the funds that are raised from investors. In a blind pool, money is raised from investors, usually trading on the name of a particular individual or firm, but few restrictions or safeguards are in place for investor security. May also be called "blank check underwriting" or a "blank check offering". Blind pools are often a product of late-stage market rallies, when investors and financiers tend to become more greedy than prudent. Many fraudulent deals in the 1980s and 1990s gave blind pools a bad name. Sometimes these pools are born and later dissolved without making a single investment - but the managers or general partners still make off with hefty fees.Some of the largest and most-respected Wall Street firms have underwritten blind pools. However, this backing aside, investors should be very cautious of any investment without a stated objective.
A product or service that is so new it has not been widely adopted by consumers and therefore carries a higher degree of uncertainty as to how it will fit in with existing goods and services.Something described as bleeding edge would be considered more advanced than something considered "cutting edge". The higher degree in risk associated with the product or service means that the consumer might be "cut" by using such a new good if it fails to gain market acceptance. The term is often used to refer to new technology. For example, a new cell phone could be considered bleeding edge if it is the first of its kind. Consumers used to older cell phones will be uncertain as to how to use it, how it will be supported and what extra costs might be associated with using it.Businesses that adopt bleeding edge technology that later becomes widely adopted may see an advantage from being a first-mover; however, if the bleeding edge technology is not widely-adopted the business will have spent significant resources on something that won't work. This presents businesses with a difficult choice: invest in bleeding edge technology that might ultimately fail, or don't invest and risk having obsolete technology if the bleeding edge technology becomes the industry standard.
A slang term used to describe an over reliance on and almost obsessive need to use one's Blackberry. Blackberry addiction has become a prevalent condition for many professional and non-professional users of the Blackberry device. Some common symptoms of Blackberry addiction include constant checking of emails and texts, answering phone calls at inappropriate times and the need to always have the smartphone device within reach. Due to the addictive nature of the device, the device is often referred to in popular culture as the "crackberry". Since its introduction into the telecommunication industry in 2002 by Research In Motion (Nasdaq:RIMM), many users have playfully described themselves as Blackberry addicts. Many CEOs and high-ranking business professionals have admitted to being over-reliant on their smartphone and many "detox" articles and news stories have been published. Many businesses have gone so far as to ban Blackberries from meetings and company events.
An event or occurrence that deviates beyond what is normally expected of a situation and that would be extremely difficult to predict. This term was popularized by Nassim Nicholas Taleb, a finance professor and former Wall Street trader. Black swan events are typically random and unexpected. For example, the previously successful hedge fund Long Term Capital Management (LTCM) was driven into the ground as a result of the ripple effect caused by the Russian government's debt default. The Russian government's default represents a black swan event because none of LTCM's computer models could have predicted this event and its subsequent effects.
A type of economic activity that takes place outside of government-sanctioned channels. Black-market transactions typically occur as a way for participants to avoid government price controls or taxes, conducting transactions 'under the table'. The black market is also the means by which illegal substances or products - such as illicit drugs, firearms or stolen goods - are bought and sold. While the black market is commonly associated with criminal activities involving drugs or weapons, it also has a financial component: black currency-exchange markets almost always appear when government controls on exchange rates prevent the use of natural exchange rates in the global marketplace.
1. A day of stock market catastrophe. Originally, September 24, 1869, was deemed Black Friday. The crash was sparked by gold speculators, including Jay Gould and James Fist, who attempted to corner the gold market. The attempt failed and the gold market collapsed, causing the stock market to plummet. 2. The day after Thanksgiving in the United States. Retailers generally see an upward spike in sales and consider this to be the start of the holiday shopping season. It's common for retailers to offer special promotions and to open early to draw in customers. 1. The term "black" has been used to describe other disastrous days in financial markets. For example, on Black Tuesday, October 29, 1929, the market fell precipitously, signaling the start of the Great Depression. The largest one-day drop in stock market history occurred on Black Monday, October 19, 1987, when the Dow Jones Industrial Average plummeted more than 22%. 2. The idea behind the term "Black Friday" is that this is the day in which retail stores have enough sales to put them "in the black" - an accounting expression that alludes to the practice of recording losses in red and profits in black.
A fuel derived from organic oils, such as vegetable oil, rather than petroleum. Biodiesel’s use and production are increasing. It’s typically used for aircraft, vehicles and as heating oil. Biodiesel filling stations are common throughout Europe and as of 2008 they are becoming more common in North America.The price gap between traditional diesel and biodiesel is expected to narrow, as petroleum based products become scarcer. Agricultural and environmental subsidies will also help with this. Not to be confused with waste vegetable oils (WVO), that are often used in converted diesel engines, biodiesel can be used in diesel engines that are un-modified. Bio-diesel can be used alone, or mixed with conventional hydrocarbon based diesel.It is important to note, that although biodiesel can be used in almost all modern diesel engines, it will degrade rubber components in older vehicles a lot faster than with traditional diesel. Older vehicles are recommended to upgrade their rubber parts with a non-reactive product known as FKM, if they are planning on using biodiesel in their vehicle.