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• The term "Dead Cat Bounce" is a financial term related to a temporary and rapid rise in a stock price after a steep or prolonged decline, followed by a continued downward trend. The term was used to describe the Dow Jones Industrial Average's rally on Tuesday, September 30, 2008, after a historic decline the day before.CNNMoney.com: Stocks on the rebound (September 30, 2008) DaveManuel.com: What is a "Dead Cat Bounce?"

• Fast Facts

  1. "Dead Cat Bounce" is a term denoting a temporary recovery of the financial markets or stocks after a sharp declineDaveManuel.com: What is a "Dead Cat Bounce?"
  2. Term relates to the old adage that a cat, dropped from a high altitude, almost always bouncesDaveManuel.com: What is a "Dead Cat Bounce?"
  3. Dow Jones Industrial Average dropped more than 777 points on September 29, 2008New York Times: For Stocks, Worst Single-Day Drop...
  4. Drop attributed to Congress' rejection of the Emergency Economic Stabilization Act of 2008New York Times: For Stocks, Worst Single-Day Drop...
  5. Markets rallied the day after what some refer to as Black Monday 2008New York Times: For Stocks, Worst Single-Day Drop...
  6. Dow was up 300 points on the afternoon of September 30, 2008FOXBusiness: Stocks Bounce Back From Record Selloff (September 30, 2008)
  7. Some financial experts say the "reflex rally" was a response to the previous day's "panic selling"CNNMoney.com: Stocks on the rebound (September 30, 2008)
  8. {{: item:2008 Financial Crisis}}

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