To undertake an impossible task or project or to make a task or project unnecessarily difficult. Boiling the ocean generally means to go overboard. For example, a manager might be accused of trying to boil the ocean if he directed his employees to prepare a presentation for a business client based in Houston, Texas, and he insisted that the employees prepare versions of the presentation in Spanish, French, Japanese, Chinese and Italian, just in case someone at the presentation spoke a different language when most likely they would all speak English. Another example of trying to boil the ocean might be a six-month-old startup company trying to get venture capital funding and go public by the end of the year. Such a goal might seem ambitious to the company’s founder, but in reality, setting such an unrealistic goal is likely to lead to frustration and disappointment for everyone involved.
A buzzword that refers to a benchmark used to evaluate a fund's performance. The benchmark is an index that reflects the investment scope of the funds investment. Comparing a fund's performance to a benchmark index gives investors an idea of how well the fund is doing compared to the market. Also known referred to as "bogy". For example, the performance of a small-cap fund may be compared to the Russell 2000, which is a benchmark for small-cap funds. The Russell 2000 would be referred to as the small-caps bogey, when talking of its over- or underperformance to the fund. One of the most common benchmarks is the S&P 500 index.
A situation where inflation pushes income into higher tax brackets. The result is an increase in income taxes but no increase in real purchasing power. This is a problem during periods of high inflation as income tax codes typically take a longer time to change.
An investor who looks for bargains among stocks whose prices have recently dropped dramatically. The investor believes that a price drop is temporary or is an overreaction to recent bad news and a recovery is soon to follow. A bottom fisher may attempt to find stocks that the market has undervalued through fundamental analysis. Bottom fishers may also be more active during prolonged bear markets where there may be stocks getting hammered through panic selling. Unfortunately, it's difficult to tell the difference between a bargain and a stock that has fallen for a fundamental reason.
A slang term referring to the traditional seating arrangement of younger investment advisors or brokers in a brokerage house. Traditionally, younger brokers would be assigned to sit in the center of the room at desks facing each other, while more experienced or successful brokers would be given offices with doors.
A financial market of a group of securities in which prices are rising or are expected to rise. The term "bull market" is most often used to refer to the stock market, but can be applied to anything that is traded, such as bonds, currencies and commodities. Bull markets are characterized by optimism, investor confidence and expectations that strong results will continue. It's difficult to predict consistently when the trends in the market will change. Part of the difficulty is that psychological effects and speculation may sometimes play a large role in the markets. The use of "bull" and "bear" to describe markets comes from the way the animals attack their opponents. A bull thrusts its horns up into the air while a bear swipes its paws down. These actions are metaphors for the movement of a market. If the trend is up, it's a bull market. If the trend is down, it's a bear market.
A slang term used to describe a rapid advance in prices within the commodities market. A bulge is similar to a rally on equity exchanges.
A slang term used to describe the company or companies who issued the largest amount of securities on a new issue in an underwriting syndicate, or who are the largest underwriting company or companies in the industry.The bulge bracket is usually the first group listed on the tombstone, which is an advertisement of a new issue. In the investment banking industry, syndicates are formed so underwriting companies can share the risks and profits associated with a new security issue with other firms. The larger the new security issue, the more firms are likely to take part in the new issue through syndication, but one firm is likely to act as the manager or co-manager of the syndicate.