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?"
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"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?"
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Term relates to the old adage that a cat, dropped from a high altitude, almost always bouncesDaveManuel.com: What is a "Dead Cat Bounce?"
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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)
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