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Dead Cat Bounce

market psychology
Definition
A temporary recovery in the price of a declining asset, followed by a continuation of the downtrend.

Explanation

The colorful term comes from the idea that even a dead cat will bounce if dropped from a great height. Dead cat bounces occur because: (1) short sellers cover positions to lock in profits, creating temporary buying pressure; (2) bargain hunters buy too early; (3) algorithmic trading systems trigger mean-reversion signals. The key distinguishing feature is declining volume on the bounce — a genuine reversal typically shows increasing volume. The 2008 bear market included several 10-15% dead cat bounces before the final March 2009 bottom.

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