Mark Berch:Sham

Dividend growth model
An approach that assumes dividends grow at a constant rate in perpetuity. The value of the stock equals next year's dividends divided by the difference between the required rate of return and the assumed constant growth rate in dividends.

Comeout
In the context of general equities, the opening. Antithesis of the close.

Jumbo certificate of deposit
A certificate of deposit in increments of $100,000.

Mark Berch:Sham
A business transaction, such as a limited partnership, that is entered into for the sake of avoiding tax.

Mexican Stock Exchange
The only stock exchange in Mexico. The Indice de Precios y Cotizaciones, or IPC index, consists of the 35 most representative stocks chosen every two months.

Energy mutual fund
Mutual fund investing in energy stocks only, e.g., oil and gas companies. Mark Berch

Market interest rate
Rates of interest paid on deposits and other investments, determined by the interaction of the supply of and demand for funds in the money market.