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Black Friday

   Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.12 sec.
Black Friday
A precipitous drop in a financial market . The original Black Friday occurred on September 24, 1869, when prospectors attempted to corner the gold market.

Black Friday
A widely used reference to September 24, 1869, the date on which stock market operator Jay Gould nearly cornered the gold market. Although eventually broken by government selling of the metal, the corner resulted in massive failures on Wall Street. Gould made considerable profits on the manipulation, but his brokers declared bankruptcy.


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Look for Black Friday specials on retailers' Web sites.
With Black Friday behind us and the holidays only a few short weeks away, retail in the big apple is once again proving to be a blaze that radiates the glow of New York City.
In fact, Richard Giss said the day after Thanksgiving, known as Black Friday for its ability to thrust a retailer's bottom line into positive territory for the year, often presents a false start to the real spending season.
 
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