Graveyard Market: Dead Cat Bounce?
I was on Investopedia the other day (I really recommend it to those who do not already know about it). Wanted to know the difference between "Zombie" and "Zombie debt" (FTR, the former is a company in bankruptcy about to die, but still operating; the latter has to do with consumer debt that is beyond the statute of limitations). While there, I discovered the above 2 terms. GM describes the current market perfectly. DCB is what I know as 'sucker rally' or 'bear market rally'. I have seen people on TMF boards use this term, but I was unaware that it is official lingo. Question: today's 700 pt skyrocket: real or DCB? Not sure (what a copout, eh?), but leaning to DCB.