Wednesday, February 25, 2009

Dead Cat Bounce - when sellers pounce on a slight bounce in a desperate bid to get their money out...

NVDL: I remember over 2 years ago discussing energy with my father and the impact on stock markets. I worried then that we'd be in for a hard landing. He said there are a lot of qualified experts in the world who would be taking care of things. I doubted that for the same reason I doubted anyone is taking care of climate change, or that a pastor is unquestionably right in his opinion on God, or on what governments say is happened (whether it's Apartheid or AIDS).
You have to think for yourself and not be herded, but you have to try to live as a herd, and not as an indvidual - quite difficult to do...
clipped from
An investor looks at the stock price monitor at a private securities company

LONDON – World stock markets traded lower Tuesday on mounting concerns about the U.S. banking system and renewed fears about the capital position of leading financial firms in Europe and Asia.

The FTSE 100 index of leading British shares was down 34.93 points, or 0.9 percent, at 3,815.80, while Germany's DAX slid 56.37 points, or 1.4 percent, to 3,880.08. The CAC-40 in France was down 17.85 points, or 0.7 percent, to 2,710.02.

"Unless some half-decent strength is seen in the short term, then the rally from last November looks like yet another dead cat bounce for markets, and it is time to brace ourselves for the next real lurch downwards," he said.

A "dead cat bounce" is market slang for a temporary recovery that does not imply reversal of the downward trend.

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