| rdfs:comment | - Navigate: Investing Glossary... (edit) See also: Acronyms... Bond Glossary... Buzzwords... Glossary of Technical Analysis... Life Insurance Glossary... (edit) __NOEDITSECTION__
- People watch the NASDAQ as they hope it gives indications about how confident investors are, how investors react to government policy, how well or badly the US Economy is performing. It is oddly pronounced "NAZZ-Dack."
- Stock traders are portly gentlemen in three-piece suits who offer investment advice to ordinary people. Sometimes they advise you to buy and sometimes to sell. They read charts, graphs, and financial statements, but at the end of the day, what they specialize in is looking good in three-piece suits, making sure their college rings are polished, and sounding convincing.
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| abstract | - Navigate: Investing Glossary... (edit) See also: Acronyms... Bond Glossary... Buzzwords... Glossary of Technical Analysis... Life Insurance Glossary... (edit) __NOEDITSECTION__
- Stock traders are portly gentlemen in three-piece suits who offer investment advice to ordinary people. Sometimes they advise you to buy and sometimes to sell. They read charts, graphs, and financial statements, but at the end of the day, what they specialize in is looking good in three-piece suits, making sure their college rings are polished, and sounding convincing. Most stockbrokers work in New York City at a major stock exchange. They also wear three-piece suits, stand in trading pits, and gesture and yell at one another until they sweat through them (the suits, not the pits). But thousands of other stockbrokers work in places like Flint, Michigan. These stockbrokers communicate through the NASD. Unfortunately, there is no money in Flint, Peoria, Springfield, anywhere like that. When that happens, what businessmen look for is a new gimmick. The NASD's gimmick was a computerized exchange that would blanket the United States. The name they chose for this automated quotation system was NASDAQ. This is a clever adaptation of "nasDaQ," a Klingon term meaning, "Crash the starship into the planet's surface, if you please." Anyone who has traded stock on NASDAQ understands how appropriate the term is.
- People watch the NASDAQ as they hope it gives indications about how confident investors are, how investors react to government policy, how well or badly the US Economy is performing. It is oddly pronounced "NAZZ-Dack."
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