elves

Definition of elves

plural of elf

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elves

Financial Definition of elves

What It Is

Elves make up a group of analysts and money managers who appeared on the PBS show "Wall Street Week," which was hosted by Louis Rukeyser.

How It Works

"Wall Street Week" aired from 1970 to 2005. In each episode, the elves attempted to predict changes in the financial markets. They became popular for their "elves index," which was notoriously inaccurate. It started in 1989.

Why It Matters

Louis Rukeyser discontinued the elves index in 2001, and some critics argued that they were little more than manifestations of the herd mentality. The elves did make some correct predictions, however.

Source: Investing Answers

elves

Kids Definition of elves

plural of elf

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More from Merriam-Webster on elves

Thesaurus: All synonyms and antonyms for elves

Spanish Central: Translation of elves

Nglish: Translation of elves for Spanish Speakers

Britannica English: Translation of elves for Arabic Speakers

Britannica.com: Encyclopedia article about elves

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