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Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

dead cat bounce

Financial market jargon for when the market recovers sharply from a steep fall but the rebound is due more to technical factors, like short-covering, than fundamentals (a dead cat will "bounce" if dropped from a high place). Later the market resumes its downward trend. The derivation of the term is said by some to have come from aFinancial Times story in 1985 in which a broker interviewed about a modest recovery in the Singapore and Kuala Lumpur stock markets described the rise as "dead cat...

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