Stock markets have been falling for weeks. Then, this past Friday, they suddenly rocketed upward. What is one to make of this unexpected surge? Was it just a brief respite or the start of a new bull run? The verse that follows, "The Dead Dog Bounce," provides a needed perspective—in rhyme.
The Dead Dog Bounce
Wall Street’s mavens are like shamans, superstitious to the core
While they flaunt their high tech play toys, they place trust in older lore
They believe that certain patterns future stock moves will announce
Like an uptick ‘twixt two down slides that they call a dead dog bounce.
Dead dog bounce
Dead dog bounce
That they call a dead dog bounce.
See them gather ‘round trade entrails, seeking out the telltale sign
Watch them poke among the tea leaves, hoping thus some truth divine
Yarrow sticks they toss and ponder, seeking tips on which to pounce
Did that spike portend a rally? Was it just a dead dog bounce?
Dead dog bounce
Dead dog bounce
Was that spike a dead dog bounce?
All the news is so confusing, it’s no wonder nerves are shot
Recent weeks have been a torment, many haves became have not
Pros must know their market's beasties just to keep from getting trounced
Glean between a phoenix rising and a dog that just got bounced.
Dead dog bounce
Dead dog bounce
Buy the phoenix
Sell the bounce.
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