Are We Seeing A Dead Cat Bounce or a Bottom?
Dead cat bounce is a term used to describe a market that experiences a dramatic decline in stock prices, then a moderate-to-sharp rise in stock prices before resuming its downward trend.
It is my guess is we’re seeing is a “dead cat bounce.” Speculators and those that think a bailout will be passed have jumped in the market to reap some quick gains. Others may be jumping in trying to cover their short positions. Only time will tell if my guess is right - I have a feeling that it is.
What do you think? Have we hit the bottom, or are we seeing a “dead cat boune.”?
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Just Squeaking By is a blog about my personal finances and my quest to get them in order. Read more about Just Squeaking By
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Betty
http://www.my-foreclosures.info