toxic waste n.— «Basis Capital had assets worth $1 billion as recently as May, before reporting that its Aust-Rim Fund and Yield Fund lost 9 percent and 14 percent, respectively, in June. The funds ran into trouble by investing in the unrated...
cockroach effect n.— «It’s sort of like what they call the “cockroach effect” on the financial markets. Every time there’s “hints” of anything going wrong inside a company, everybody starts selling the company’s stock in a knee-jerk vote of “no...
death cross n. in financial markets, a situation where long-term and short-term averages converge, seen as evidence that values will decline. (source: Double-Tongued Dictionary)