Dead cat bounce

When a rapidly declining asset suddenly experiences a brief period of recovery, leading investors to think positively, and this is followed by a continuation of its decline, it’s called a ‘dead cat bounce’ because the idea is that even a cat thrown from a great height will bounce when it hits the ground.

I don’t think we’re going to get that bounce, are we? We’re just getting the dead cat. Not a cat thrown from a great height but a cat that has been knocked down by a car, driven by Knapper, in a hit-and-run accident and then run over by 46 more cars until League One comes along, scrapes us out of the road and throws us in the bin.

That’s my thought for the day. Have a lovely evening, everyone.

Posted By: tim berry, Nov 22, 18:12:44