A Dead Cat Bounce is when a stock has a slight rise after a sharp drop. This is generally in reference to a bad stock ("dead cat"). This term also occasionally applies to the stock market in general.
Speaking of dead cat bounces, I just started reading a book called The Dead Cat Bounce: A Home Repair is Homicide Mystery, by Sarah Graves. This mystery is about a woman who is a former Wall Street trader who quits and moves to Maine, buys a fixer-upper old mansion, only to discover a dead body in one of the rooms. The book is written somewhat in the style of Agatha Christie and provides captivating prose. I am only on Chapter 4 four but I'm looking forward to the rest of the book. By the way, there are nine different books (that's right 9 books) called The Dead Cat Bounce, so if you are interested in the book, make sure you get the one by Sarah Graves. It came out about ten years ago.
By Fred Fuld at Stockerblog.com