We're In A 'Dead Cat' Market

'Bulls' and 'Bears' are familiar terms in the global markets, but a 'dead cat' bounce ?

CNN explains that this is a term used to describe a temporary rebound in stock or commodity prices after a big sell off. As prices fall, bargain hunters jump in. The price of stock rises, but not for long.

There is a big difference between a bounce and a trend. A bounce hits the deck fairly quickly, but a trend only comes about when investors expect economic fundamentals and corporate profits to be strong over a long period of time.

As traders are apparently fond of saying, even a 'dead cat' will bounce, at least once, if you drop it from a great enough height.