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  • Don’t let today’s software rally lift your mood • australiabusinessblog.com

Don’t let today’s software rally lift your mood • australiabusinessblog.com

After a rough years in the public markets, you might consider today’s brilliant trading good news. Any positive price move is a win, right? Quite.

The tech-heavy Nasdaq composite index rose 3.4% today as other major US indices rose smaller amounts in a hall-of-fame start to the trading week. (That the markets are popping up for Disrupt is pretty nice, I must admit.) Even more important for the tech industry, though, is sector-specific news.


Good news? Sure, but only if you like soggy cats.

Let me explain. When the value of a particular commodity or asset falls sharply, it often follows the declines by bouncing back a bit. If the underlying forces that made the security negative remain in place, such rebounds often prove short-lived and not indicative of the true “bottom” of a particular trading range. This is often referred to, somewhat artfully, as a “dead cat bounce,” or more specifically, the kind of modest bounce a cat’s corpse can get when it hits concrete after falling from a high window.

Shreya has been with australiabusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider australiabusinessblog.com, Shreya seeks to understand an audience before creating memorable, persuasive copy.

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