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Market-dominant minority - A market-dominant minority, coined by Amy Chua in her 2001 book World on Fire: How Exporting Free Market Democracy Breeds Ethnic Hatred and Global Instability, is an immigrant minority to a country that through means of facility, become disproportionately wealthy and powerful, as compared to the indigenous majority. The result of this is that class lines are then synonymous with ethnic lines, and class conflicts often become indistinguishable from ethnic conflicts.
P/B ratio - Price-to-book ratio or P/B ratio, is a ratio used to compare a stock's market value to its book value. It is calculated by dividing the current closing price of the stock by the latest quarter's book value (book value is simply total assets minus intangible assets and liabilities).
Stock market bubble - A stock market bubble is a type of economic bubble taking place in stock markets, in which a wave of public enthusiasm, evolving into herd behavior, causes an exaggerated bull market. When such a bubble takes place, market prices of listed stocks rise dramatically, making them significantly overvalued by any measure of stock valuation.
Stock market downturn of 2002 - The stock market downturn of 2002 (some say "stock market crash" or "the Internet bubble bursting") is the sharp drop in stock prices during 2002 in stock exchanges across the United States, Canada, Asia, and Europe. After recovering from lows reached following the September 11, 2001 attacks, indices slid steadily starting in March 2002, with dramatic declines in July and September leading to lows last reached in 1997 and 1998.
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