There’s a pandemic term I haven’t seen in the wild for a hot minute.
Comment on Tesla profits nosedive as more job cuts announced
casmael@lemm.ee 5 months agoDead cat bounce?
Granite@kbin.social 5 months ago
Crashumbc@lemmy.world 5 months ago
“Dead cat bounce” has been a term in stocks for 30+years…
Granite@kbin.social 5 months ago
TIL thanks
athairmor@lemmy.world 5 months ago
When a stock drops by a lot there’s usually a low point at which some investors will start buying it again because it got so cheap. This drives the price higher but only temporarily. This is called the “dead cat bounce.”