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March 03, 2009
A Dead Cat Bounce
It would appear to be.
Markets came back today, after taking one of their worst beatings in years on Monday. But investors will have to overcome some hurdles if the rally is to be sustained, including testimony from administration officials in Congress, a call for bailout help from Toyota Motor (TM, news, msgs), a report expected to show a steep drop in automobile sales, and a data release indicating declining home sales.
Posted by Mr. Bingley at March 3, 2009 10:28 AM
Comments
It's 11:30 and the cat didn't bounce very high. S&P is now 3 points below 700, Dow is down 20. MYbe Bernanke ought to stop talking.
Posted by: Retread at March 3, 2009 11:34 AM
Clearly, dead cats don't bounce well.
Posted by: JeffS at March 3, 2009 03:10 PM
Dunno about the bounce part but it sure smells like a dead cat.
Posted by: Gunslinger at March 3, 2009 08:28 PM
This is getting kinda depressing.It's like watching your best friend lose all his money at the the Black
jack tables in Vegas.You keep telling him to stop
and he says" I know what I'm doing I'll double down
and get even.
The Democrats keep doubling down to get even, but
keep losing.3 trillion so far and double down to 6.
Posted by: greg newson at March 3, 2009 11:21 PM