Past tense for to monopolize a resource or commodity, as with the intent of driving up prices. They then hook up a tube to the exhaust pipe to redirect the exhaust into the truck's ventilation system and floor on the gas pedal. The massive company has cornered the online retail market over the years, making it very hard for other companies to compete. To monopolize a resource or commodity, as with the intent of driving up prices.. To have exclusive possession; to … Buy all or most of a commodity or stock so that its price goes up. ", "Merrill Charged With 2d Firm In Copper Case", "Porsche crashes into controversy in the ultimate 'short squeeze'", "Adolf Merckle, German tycoon who lost millions on VW shares, commits suicide", "Der Tag, als die VW-Aktie 1.000 Euro kostete", "Hedge fund develops taste for chocolate assets", "Trader's Cocoa Binge Wraps Up Chocolate Market", https://en.wikipedia.org/w/index.php?title=Cornering_the_market&oldid=991908122, Articles with unsourced statements from January 2011, Articles containing potentially dated statements from 2018, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License, This page was last edited on 2 December 2020, at 13:16. When a corner is created, the demand for the commodity far exceeds its supply, thereby driving up market prices. If a company corners the market, then they are much more successful than all of their competitors at selling a specific product or in a specific market. See also: corner, market. In 2008 luxury car manufacturer Porsche cornered the market by steadily building up its shares in Volkswagen, thus driving up the price. It also means holding significant levels of the commodity to be in a particular position to manipulate its price in the market. With the advent of futures trading, a cornerer may buy a large number of futures contracts on a commodity and then sell them at a profit after inflating the price. . Example: 1903, Frank Norris, The Pit, ch. The act of securing enough controlling interest or ownership within a single security so that manipulation of price can occur. 7, "Why, there ain't going to be any wheat left in Chicago by May! The original meaning of this idiom was related to controlling the price of a particular commodity by buying most or all of the supply. , One of the wealthiest men in Germany's industry, Adolf Merckle, committed suicide after shorting Volkswagen shares. Cornering a market is often considered unethical by the general public and has highly undesirable effects on the economy.. -cornered definition: 1. having the number of corners mentioned: 2. having the number of corners mentioned: . Journalist Edwin Lefèvre lists several examples of corners from the mid-19th century. The massive company has cornered the online retail market over the years, making it very hard for other companies to compete. In finance, cornering the market consists of obtaining sufficient control of a particular stock, commodity, or other asset in an attempt to manipulate the market price. corner the market. What does CORNER THE MARKET mean? Cornering the Market can be defined as acquiring the huge number of shares of a specific security type of a firm in a niche market. To own a significant enough amount of a stock to be able to manipulate its price. [...] It was more than the prospective money profit that prompted the engineers of corners to do their damnedest. Cornering-the-market definitions Purchasing a stock or commodity in such a significant amount that trading in that item is no longer competitive. Where have you heard about cornering the market? One of the most notorious instances of cornering the market was the attempt by Nelson Bunker Hunt and William Herbert Hunt to corner the silver market in the 1970s. To sell or produce something so successfully as to overshadow all others in the same field (indicated before "market").  As his scheme collapsed, Sumitomo was left with large positions in the copper market, ultimately losing US$2.6 billion. Corner: 1. 1 - The company tried to corner the market on several types of computer software. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. The cornerer hopes to gain control of enough of the supply of the commodity to be able to set the price for it. Email Address * When the government gold hit the market, the premium plummeted within minutes and many investors were ruined. Video shows what corner the market means. , During the financial crisis of 2007-2010 Porsche cornered the market in shares of Volkswagen, which briefly saw Volkswagen become the world's most valuable company. Verb. Furthermore, if the price starts to move against the cornerer, any attempt by the cornerer to sell would likely cause the price to drop substantially, subjecting the cornerer to catastrophic risk. Sign up for our newsletter to get the latest on the transformative forces shaping the global economy, delivered every Thursday. corner the market in [sth] v expr verbal expression: Phrase with special meaning functioning as verb--for example, "put their heads together," "come to an end." See more. To buy most of a particular item or stock so that one can control its price. For example, Now investors such as Amaranth Advisors, a hedge fund that controlled more than half of all natural gas deals atone point in 2006, can, From selling lunches and lending money to his fellow miners, he progressed to, When Lienzo is introduced to coffee and enticed into trying to, Just Ready Pac, the California company that's trying to, Such a commission should not be allowed to, That way clubs would not lose out and greedy players would not be able to. corner the market v expr verbal expression: Phrase with special meaning functioning as verb--for example, "put their heads together," "come to an end." 2. 1 - to control the supply or sale of a particular product. corner, corn, coroner, corner flag " cornering the market ": examples and translations in context More immediately, however, inflation is associated with " cornering the market " for some valuable commodity or acquiring monopolistic or oligopolistic control over its production and sale. In many cases this was the offspring of vanity; in others, of the desire for revenge. In finance, cornering the market consists of obtaining sufficient control of a particular stock, commodity, or other asset in an attempt to manipulate the market price. In the simplest terms: cornering the market is illegal because it’s corner the (something) market. If you think he bought all that stock to corner the market, you should report him—that kind of activity is illegal. corner the (something) market. corner the market (third-person singular simple present corners the market, present participle cornering the market, simple past and past participle cornered the market) ( idiomatic , business , finance ) To monopolize a resource or commodity , as with the intent of driving up prices . To sell or produce something so successfully as to overshadow all others in the same field (indicated before "market"). Corner a Market 1. Cornered definition, having corners (usually used in combination): a six-cornered room. 3. By its nature, cornering a market requires a company to purchase commodities or their derivatives at artificial prices; this effectively creates a situation where other investors attempt to profit off of these machinations through arbitrage.