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Wall Street Seeks the Right Metaphor for the Virus Meltdown
Metaphors and narratives help investors make sense of the market. Which ones do we use in the coronavirus era?
27 Feb 2020, 02:32 PM IST
(Bloomberg Businessweek) -- Investors love a good metaphor to explain away what often appear to be unexplainable events in financial markets. So you hear about stocks taking the stairs up and the elevator down to describe how a slow march higher in prices can be followed by a sudden drop. Or “dead-cat bounce” will be offered as a dark explanation for a market that makes a small but ultimately futile rebound after a sharp loss, likeni...
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