According to Wikipedia, blue chips comes from casino, which originates in poker , where the blue chips are the most valuable. It is used in stock markets by analogy, to describe actions of well-established companies, large national and international, with proven profitability, especially in the long term, and with few obligations, resulting in positive economic and financial situation.
But this news promoted Mundial and Ecodiesel, two pieces of shits highly traded on Bovespa, to blue chips, just because a crazy bunch of speculators are now very optimistic.
Unbelievable!
Monday, July 4, 2011
What Blue Chip is?
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