The investment industry is no stranger to using a variety of jargon that can leave investors wondering what these terms mean. Our Senior Wealth Advisor and Portfolio Manager Maili Wong recently contributed to this article in The Globe and Mail which elaborates on what some of this jargon means.
Read the whole article here. Here’s a bit from the article:
9. Dead cat bounce
Animal lovers may wish to skip this one. A “dead cat bounce” is an especially morbid way to describe an investment’s short-lived recovery. The term appears to date back to a 1985 quote from two Financial Times journalists describing the brief bounce-back of the Singaporean and Malaysian stock markets. It refers to the saying, “Even a dead cat will bounce if it’s dropped from high enough.” Another term for this is a “sucker’s rally,” which most cats prefer.
