Showing posts with label CNBC wall street news. Show all posts
Showing posts with label CNBC wall street news. Show all posts

Wednesday, February 24, 2010

dead terrorist bounce


During the 90s I listened to CNBC a lot. I would turn it on in the morning instead of the radio and listen to Wall Street news while I was getting ready for the work-day.

For a while they were using an expression -- "dead cat bounce."
For example:

"Yes,that company's stock went up today but we think it's a dead cat bounce."

I think it meant, the stock is going to keep going down, so don't get optimistic just because it went up, some, on one day -- that's "a dead cat bounce."

The expression didn't bother me that much
but I wasn't a fan of it.

People who have dogs and cats love their pets; why bum them out unnecessarily?

So one day I called up CNBC; some intern talked to me -- sounded like a young college student, or something.

I told him, I'm not criticizing -- I'm just saying, people love their cats, and instead of that particular expression, couldn't they say something else?

Like -- "dead terrorist bounce"?
There isn't a lot of sympathy for terrorists and they cause tragedies for other people, so ---...

The intern understood. He was real nice.

And the next day I heard them say it on the air.
I don't think they adopted "dead terrorist bounce" as something to use all the time, but what they did was, they discussed the fact that they'd had a call from a viewer who suggested substituting "dead terrorist bounce" for "dead cat bounce," and they had a chuckle over it.

And after that I heard them say "dead cat bounce" a very few times -- not nearly as often, and I thought maybe it kind of wound down & they stopped using it at all.

And now -- I don't know; haven't listened to that channel for a while.

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