Sunday, August 3, 2008
Neo=new, logos=word. Every trade and profession has its own vocabulary, often inaccessible to outsiders. My favorite stock-market argot expression is ‘dead cat bounce,’ for a little market rise at the end of a drop, as a dead cat might bounce a little when it hits the ground. Moneybox column on Slate has a cool neologism, coined by a stock-market guy, that describes the current market. The phrase is ‘platypus bottom,' and i love it. More poetic even than ‘black swans’ for unprecedented events. Read the story behind a platypus bottom here.