What are elves?

By Chizoba Morah AAA
A:

Elves are used to describe the technical analysts that are guests of the PBS show Wall Street Week. The job of these technical analysts is to try to tell the viewers their predictions and trends of the stock market.

The elves index was the index Wall Street Week used to predict stock market trends. The elves index was the successor of the Wall Street Week Index. The Wall Street Index was used by the show to predict the future of the stock market. Over time it became known as an index that gave an accurate estimate of the stock market. The index was retired after its creator, Mr. Nurdock, resigned from the show. The index had indicators made up of personal opinions of 10 market analysts about the path of the stock market for the upcoming three months. The index gained popularity for its inability to accurately predict the market. The market always took the opposite position of the index's recommendation. The show and its host Louis Ruckeyser retired the index after its post 9/11 prediction.

Read more about the elves, and other festive terms, in our related article The Frosty, Festive World Of Investing.

This question was answered by Chizoba Morah.

RELATED FAQS

  1. How important are seasonal trends in the automotive sector?

    Learn more about the automotive industry, including the strong seasonal sales trends for the industry and some of the major ...
  2. What are the Basel III rules, and how does it impact my bank investments?

    Learn about Basel III rules and how they impact investors in the banking sector. They have made banks less procyclical, forcing ...
  3. What advantages do corporations have over privately held companies?

    Learn about the chief advantages that publicly traded corporations have over other forms of business organizations, most ...
  4. Why is the Triple Exponential Moving Average (TEMA) important for traders and analysts?

    Learn how the triple exponential moving average is calculated and the indications it provides that are most helpful to traders ...
RELATED TERMS
  1. Contra Proferentem Rule

    A rule in contract law which states that any clause considered ...
  2. Cumis Counsel

    Legal counsel chosen by the insured when the insurer has a conflict ...
  3. TSA PreCheck

    This program allows travelers deemed low-risk by the Transportation ...
  4. Lilly Ledbetter Fair Pay Act

    A federal law designed to ensure equal pay for all workers, regardless ...
  5. Age Discrimination In Employment Act Of 1967

    A federal statute protecting "certain applicants and employees" ...
  6. Civil Rights Act of 1964

    Landmark federal legislation that prohibits discrimination on ...

You May Also Like

Related Articles
  1. Chart Advisor

    Watch for Bullish MACD Crossovers in ...

  2. Chart Advisor

    5 Charts That Suggest Gold Stocks Are ...

  3. Trading Strategies

    Why & How To Reevaluate Your Trading ...

  4. Active Trading Fundamentals

    Channel Dow Jones To Tackle Transport ...

  5. Trading Strategies

    Use Round Numbers To Work The Market ...

Trading Center