Market History
What was the name of the 1987 stock market crash?
Black Monday
What is the Fed's dual mandate?
Maximum employment and Stable Prices
What does P/E ratio stand for?
Price to Earnings
What do we call a market drop of 20% or more?
Bear Market
Who is known for saying "Be greedy when others are fearful"?
Warren Buffet
What agreement established the post-WWII monetary system in 1944?
Bretton Woods Agreement
What is the name of the Fed's preferred inflation measure?
Core PCE
Which valuation metric is ideal when comparing companies with different capital structures?
EV/EBITDA
What is a "dark pool"?
Private securities trading venue not open to the public
What index tracks 30 of the largest U.S companies?
Dow Jones Industrial Average
Which firm coined the acronym "BRIC"?
Goldman Sachs
What rule helps estimate the ideal federal funds rate based on inflation and output gap?
What does a PEG ratio adjust for that a P/E ratio doesn't?
Earnings Growth rate
What does a high put/call ratio indicate?
Bearish Sentiment
What regulation limits proprietary trading by banks post-2008?
Volcker Rule
Which two companies merged in 1998 to create the largest financial merger at that time?
Citicorp & Travelers
Which economic school argues inflation is always a monetary phenomenon?
Monetarism
What is the formula for enterprise value (EV)?
Market Cap + Debt - Cash
What trading strategy uses arbitrage and bid-ask spreads at ultra-high speed?
High-Frequency Trading
What company's S&P 500 inclusion caused massive index reshuffling in 2020
Tesla
What financial innovation was first introduced by Michael Milken at Drexel Burnham Lambert?
Junk Bonds/High Yield debt
What central bank action involves direct buying of financial assets to inject liquidity?
Quantitative Easing
What term describes a firm's ability to cover long-term debt with operating income and depreciation?
Debt Service Ratio
What is a slang term for being heavily long on a risky trade?
What inverted indicator is often cited as a recessional signal
The Yield Curve