Term of the Day: Black Friday

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	INVESTOPEDIA Term Of The Day November 27, 2015 Black Friday 1. A day of stock market catastrophe. Originally, September 24, 1869, was deemed Black Friday. The crash was sparked by gold speculators, including Jay Gould and James Fist, who attempted to corner the gold market. The attempt failed and the gold market collapsed, causing the stock market to plummet. 2. The day after Thanksgiving in the United States. Retailers generally see an upward spike in sales and consider this to be the start of the holiday shopping season. It's common for retailers to offer special promotions and to open early to draw in customers. Breaking It Down: 1. The term "black" has been used to describe other disastrous days in financial markets. For example, on Black Tuesday, October 29, 1929... Read More Related to "Black Friday" Dick's Sporting Goods: When Will it Bounce Back? (DKS) Dick's Sporting Goods Inc. (DKS) disappointed investors in the third quarter, and the fourth quarter isn't likely... Read More Has Urban Outfitters Lost its Way? (URBN) What should a struggling apparel retailer do when losing market share to e-commerce and fast fashion companies? Buy a pizza chain, of course!... Read More Is Walmart's Rally Sustainable? (WMT) The Wal-Mart Stores Inc. (WMT) story might seem complicated, but it's actually easy to decipher. Not long after announcing that sales would come in flat for the year.... Read More Recently Added Definitions Conglomerate A conglomerate is a corporation that is made up of a number of different, seemingly unrelated businesses. In a conglomerate, one company owns a... Read More Series 6 Series 6 is a securities license entitling the holder to register as a limited representative and sell mutual funds, variable annuities and... Read More Related Definitions Black Crash Circuit Breaker Panic Selling Green Monday Past Terms of the Day Turkey Barefoot Pilgrim Quick Ratio Black Monday Monetary Policy You are currently subscribed as: mondemand.forex@blogger.com Unsubscribe | Manage Subscriptions Investopedia US, A Division of IAC. Copyright © 2015, Investopedia, LLC. All Rights Reserved Follow Us: