a dead cat bounce

a dead cat bounce

a misleading sign of vitality in something that is really moribund. informal
A dead cat might bounce if it is dropped from a great height: the fact of it bouncing does not reliably indicate that the cat is alive after all. The expression was coined in the late 20th century by Wall Street traders to refer to a situation in which a stock or company on a long-term, irrevocable downward trend suddenly shows a small temporary improvement.
See also: bounce, cat, dead
References in periodicals archive ?
He said: "This may well be a dead cat bounce, but one imagines given the state they are in the global markets will welcome any respite they can.
It is said to be a dead cat bounce, or a technical bounce back that follows a steep fall.
A dead cat bounce is a term used by traders when a spectacular decline in a stock is followed almost immediately by a moderate rise in the share price before the share resumes its downward trend.
This time, as they say in the City, it has the whiff of a dead cat bounce.
A slide to lower lows is likely in the works, possibly punctuated by a dead cat bounce.
Traders expect the market to recover today but reckon it'll only be a dead cat bounce with the market continuing to slide.
But the market is quite oversold and we saw a one day reversal this past week, suggesting that a dead cat bounce is possible here.