Posts by Robb Engen
Weekend Reading: Dead Cat Bounce Edition
A dead cat bounce is a temporary resurgence in stock prices after a substantial fall. The phrase originated on Wall Street, derived from the idea that “even a dead cat will bounce if it falls from a great height.” That’s what investors saw last week as stock markets rallied for three days before slumping again…
Read MoreHigh Interest Savings Account vs. GIC
Cash is king during times of economic trouble. Working families need emergency savings to pay the bills in case of job loss or a reduction in wages. Retirees or near retirees need a cash cushion to avoid selling stocks at a loss. But should you park your cash in a high interest savings account or…
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