Cabinet Crowd
The cabinet crowd is a small, lesser known group of investors on the New York Stock Exchange who trade in inactive bonds. These bonds are not traded often, and as a result, they are not very liquid and may not be very valuable.
The name comes from how bonds used to be tracked...in books in cabinets, each named for the type of bond (active, inactive, foreign and government). These bonds stayed in the cabinets longer than most, with orders staying open for extended periods of time.
Though at one time valuable and still present to an extent, these bonds and the people who trade them do not inspire movies like The Wolf of Wall Street. Would you go see a movie called The Cabinet Crowd? We didn't think so.
Related or Semi-related Video
Finance: What is a Liquid Market?17 Views
Finance allah shmoop What is liquid market Well it's one
that trades Ah lot High volume Lots of buyers Lots
of sellers Liquid lots of cash sloshing this way In
that way Go this way and that Did you ever
see a liquid market go this way and that That
little song Did you ever see a lassie Never mind
All right Weir Liquid markets Good Well because they implied
there's Lots of cash ready willing and able to be
put to work And that's usually a sign of a
healthy risk seeking active market versus risk averse one which
is you know hiding Ah liquid market means that investors
want to put their cash toe work that they have
actually saved cash along the way and or that they
have relatively easy access to credit And you can think
about it from the perspective of your kindly loving realtor
who wants a world where lots of people are buying
homes But in orderto have that happen you have to
have lots of people who are also selling homes at
the same time Otherwise prices just go higher and higher
with no supply to meet demand And at the end
of the day in real estate and it's in the
stock market while the most important thing yes that the
brokers get pays So that's a liquid market one that
trades a lot like it's Wet trading back and for
sloshing around not ice Where everything's you know all jammed 00:01:22.109 --> [endTime] up No needs heat or an animal or something
Up Next
What is liquidity? Think: water. It's liquid. It can be squeezed into little, tiny spaces and infused into large spaces. A defining trait of liquid...
When a bond is secured, it means it's protected, i.e. there are assets that would be forfeited if repayment is not made. When it's unsecured... it'...
What's a yankee bond, and does it stick a feather in its cap and call it macaroni?
Over the counter refers to a trade transacted within a network of other dealers who are all trading stocks.