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Everyone is talking about a "dead cat bounce" but do you know why it is called that?

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by COINS NEWS 163 Views

So we keep hearing people arguing about if this uptrend is the beginning of a second leg bull run or that this uptrend is just a "dead cat bounce".

That made me wonder why it is called "dead cat bounce". Is it a dead bounce from a living cat? Is it because the graph looks like a dead cat? Is it because a cat just like a chicken can bounce around for a little bit even when dead?

So I Googles it, and now you don't have to waste 30 seconds of graph staring or reddit scrolling, to do it yourself.

What I found is that it is called a "dead cat bounce" because of the old saying: "even a dead cat will bounce if you drop it from high enough".

Seems pretty grim to me, but that's why it is called what it's called.

submitted by /u/Nediamara
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