This now-defunct exchange was located in Hamburg, Germany. It traded stocks, bonds and other securities and was a financial pillar of the city. It offered investment plans such as FONDS-X that impacted both open and closed-end funds. The HAM was the oldest stock exchange in Germany, founded in 1558. The Hamburg Stock Exchange merged with the Hanover Stock Exchange in 1999 to form the BOAG Borgen AG. However, the Frankfurt exchange has made this new entity virtually obsolete. The former exchange ran from 9:00 AM to 8:00 PM.
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.
A financial institution comprising 53 African and 24 non-African countries which promotes economic and social progress in Africa through loans, equity investments and technical assistance. Structurally, the ADB Group includes the African Development Bank, the African Development Fund and the Nigeria Trust Fund. Established in 1964 and headquartered in Tunisia, the Bank has provided a cumulative $55 billion in loans and grants in the region. |||The ADB has been praised for its role in the fight against HIV/AIDS on the African continent, but its operations have also been criticized for being less than transparent. Some observers complain that the ADB emphasizes large infrastructure projects at the expense of smaller, cheaper options that may produce more energy with greater benefit to the continent’s poor.
An event or occurrence that deviates beyond what is normally expected of a situation and that would be extremely difficult to predict. This term was popularized by Nassim Nicholas Taleb, a finance professor and former Wall Street trader. Black swan events are typically random and unexpected. For example, the previously successful hedge fund Long Term Capital Management (LTCM) was driven into the ground as a result of the ripple effect caused by the Russian government's debt default. The Russian government's default represents a black swan event because none of LTCM's computer models could have predicted this event and its subsequent effects.
The currency abbreviation or currency symbol for the Cayman Islands dollar (KYD), the currency for the Cayman Islands. The Cayman Islands dollar is made up of 100 cents and is often presented with the symbol ($) or (CI$). Surprisingly, this currency is the ninth-highest in the world in terms of value. |||The Cayman Island dollar was first seen in 1972, replacing the Jamacian dollar one a one-to-one basis. Both Jamaican and Cayman Island currency was used until 1972, when Jamacian currency was discontinued. The CI dollar was pegged to the U.S. dollar in 1974 but is now valued slightly below its peg rate.
A charting term used by technical analysts and day traders. Inside days are days where the high point of the bar is lower than the previous day's high, and the low point is higher than the previous day's low. Inside days denote reduced volatility in the stock price for that day. Also known as "inside bars." Inside days apply to candlestick charting analysis. When several inside days occur consecutively, there is a higher probability that the stock will soon break out of its trading range.
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.
A technical indicator that plots changes in the value of the advance-decline index over a certain time period. Each point on the chart is calculated by taking the difference between the number of advancing/declining issues and adding the result to the previous period's value, as shown by the following formula:A/D Line = (# of Advancing Stocks - # of Declining Stocks) + Previous Period's A/D Line Value |||This indicator is used by many traders to confirm the strength of a current trend and its likelihood of reversing. If the markets are up but the A/D line is sloping downwards, it's usually a sign that the markets are losing their breadth and may be setting up to head in the other direction. If the slope of the A/D line is up and the market is trending upward then the market is said to be healthy.