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 10 months agoDead cat bounce?
Granite@kbin.social 10 months ago
Crashumbc@lemmy.world 10 months ago
“Dead cat bounce” has been a term in stocks for 30+years…
Granite@kbin.social 10 months ago
TIL thanks
athairmor@lemmy.world 10 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.”