The clue “Opposite of boom, on Wall Street” in the NYT Mini (August 04, 2024) is asking you to find a word that is the direct opposite of “boom” in the specific context of the financial world, particularly Wall Street. A boom on Wall Street represents a period of rapid economic growth and rising stock prices. Conversely, a “BUST” is a period of economic decline and falling stock prices. These terms are often used to describe cyclical patterns in the stock market. Wall Street is a metonym for the U.S. financial industry. It’s a widely recognized symbol of the stock market and economic activity. By mentioning Wall Street, the clue clearly indicates that the answer should be related to financial ups and downs rather than, for example, a general boom or bust in popularity.
The Answer is:
BUST (Down 5)
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