Market is a broad term that can be used in many contexts. In portfolio theory, it refers to the whole set of investable assets, like stocks, bonds, real estate, collectibles and even human capital. It can be less broad, and refer to global stocks using the MSCI World or the S&P Global 1200. It is also used more narrowly to refer to a basket of stocks in a country, like the S&P 500, FTSE Index or Nikkei 225. Some people also use the term Market as a catch-all for index and benchmark; however the terms are subtly different.
Synonyms: The Market, Market Portfolio
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Familiarity. The other two are valid drawbacks.
Lia: My Dad says Wall Street creates
confusing terms like
Market to confuse
Doc: I can't disagree.
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