An indicator based on the belief that a Super Bowl win for a team from the old AFL (AFC division) foretells a decline in the stock market for the coming year, and that a win for a team from the old NFL (NFC division) means the stock market will be up for the year. Chalk it up to coincidence, but this indicator has been surprisingly accurate (around 85% correct) over the past years. Even so, you probably shouldn't bet the farm on it.
A high-volume transaction prematurely revealed to the market before the order is even entered. Sunshine trades are meant to reduce confusion and speculation by investors by making the large transactions more transparent.
U.S. federal and state laws requiring regulatory authorities' meetings, decisions and records to be made available to the public. Sunshine laws were first created in the mid-70s in a bid to increase public disclosure of governmental agencies. Sunshine laws do not allow all citizens to attend meetings, but they do ensure that media and representatives of the public can attend.
A syndrome afflicting individuals who suddenly come into large sums of money. Becoming suddenly wealthy can cause an individual stress. Its symptoms include: feeling isolated from former friends, feelings of guilt over their good fortune, and an extreme fear of losing all their money. Sudden Wealth Syndrome (SWS) is not an actual psychological diagnosis, but a term coined by therapists that deal with patients and their issues pertaining to sudden wealth. Some people with SWS won the lottery, struck it rich with stock options in the tech bubble of the late 1990s, or received large inheritances. The afflicted are dealing with an identity crisis - moving from an average working Joe to a wealthy, privileged individual.
The divergence of a mutual fund from its stated investment style or objective. Style drift occurs as a result of intentional portfolio investing decisions by management, a change of the fund's management or, in the case of stocks, a company's growth. Generally, a portfolio manager's ability and commitment to managing a fund's assets according to its stated investment style over the course of several years is a positive investment quality. For obvious reasons, consistency in this particular area is preferable to style drift. Managers chasing performance have been known to resort to using different strategies, which are often counterproductive and can change the risk-return profile of the fund.Nevertheless, fund investors need to exercise some flexibility in making judgments of a fund's investment style stability. Some funds allow for a "go-anywhere" style, which means that the manager will do just that. Also, it is not unusual for small cap and mid cap companies to grow in size, which means that a fund may shift capitalization categories accordingly. Circumstances can justify giving the fund manager some leeway. As such, a history of consistent, above average total returns should override any concerns about style drift.
1. The intention of futures-contract holders to receive delivery of the underlying commodity. 2. A futures-contract holder that is a well-financed speculator. 1. only about 2% of futures-contract holders ever actually take possession of the underlying. They almost always close out their position (likely by taking an offsetting position) prior to the contract's specified delivery date. A strong hand is a contract holder who is willing and likely will take possession of the underlying. They are the overwhelming minority in futures trading.
A merger, a sale or an agreement in which one party in the deal presents the other party with very attractive terms and conditions. The terms of a sweetheart deal are usually so lucrative that it is difficult to justify turning the offer down. This term can be used to describe a variety of deals, but in general, a sweetheart deal is a transaction that simply can't be passed up. For example, a merger may be a sweetheart deal for the top executives of the target firm because they get very healthy buyout packages. This kind of sweetheart deal is usually considered unethical, however, because it may not be in the best interests of shareholders.
The equity that is created in a company or some other asset as a direct result of hard work by the owner(s). For example, the work you might put into rebuilding the engine on your 1968 Mustang to increase its value would be considered sweat equity.