Of green shoots, douple dips, and second derivative recoveries
I think financial commentators believe progress has been made only once a new term is introduced.
In case you haven't figured out these terms from context, here's a primer of the hottest terms the financial kids are throwing out these days:
Green shoots: Early signs of a recovery. Ben Bernanke said it in a 60 Minutes interview...the rest is CNBC history.
Double dip: Just as its name implies, the stock market would fall from its new post-March heights, creating a second dip (if you viewed the stock market movement on a graph).
Second derivative recovery: By derivative, they don't mean a financial weapon of mass destruction...it's calculus time. A derivative is the rate of change of a function. A second derivative is the rate of change of the rate of change. English time. All a second derivative recovery means is that things are getting worse at a slower pace. We'll take anything these days.
- Anand Chokkavelu (who was "11 Polynomials Peaking" in Mr. Hon's school assembly production of the "12 Days of X-Math". True story. Hi, Mr. Hon!)
P.S. You can add to our Foolish knowledge base by adding these terms to our Fool wiki...it's in its infancy, but growing: