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Greenspan Put

   Also found in: Wikipedia 0.07 sec.
Greenspan Put
A colloquial term used to describe the actions of the Chairman of the Federal Reserve Board in preventing significant and sustained market downturns.

Notes:
This expression makes reference to regular put options purchased by investors as insurance against drops in the price of a single security. The "Greenspan put" is the psychological insurance that investors have against total market drops. The belief is that the Federal Reserve will interfere with regular markets if they experience significant downward trends.



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