Tuesday, October 20, 2015

Term of the Day: Elves

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October 20, 2015
Elves

A slang term for the technical analysts who appeared on the PBS television show "Wall Street Week", which aired from 1970 to 2005. The elves attempted to predict the direction of the market in the coming months, and gained popularity due to their inability to make accurate predictions.

Breaking It Down:

The show's host, Louis Rukeyser, began referring to "Wall Street Week's" group of technical analysts as...

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