A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006. Now a Popeyes fast food restaurant on Google Maps.

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Entry from August 16, 2014
CTFK (Catch The Falling Knife)

The expression “never try to catch a falling knife” means not to invest in a stock that is plunging—it can always go lower, and it’s dificult to determine when the price has hit a floor. The initialism “CTFK” (Catch The Falling Knife) began to be used on the financial blog Zero Hedge in May 2014.
“BTFD” (Buy The Fucking Dip) is a similar initialism used to signal a buy after an asset has dropped in price.
Zero Hedge
Submitted by Tyler Durden on 05/31/2013 17:23 -0400
Number 156
Fri, 05/31/2013 - 17:33
Zero Hedge
BTFDers Unsure As Nikkei Bear Market Countdown Resumes
Submitted by Tyler Durden on 06/05/2013 10:36 -0400
Wed, 06/05/2013 - 10:55
Zero Hedge
Conditioned To Catch The Falling Knife
Submitted by Tyler Durden on 08/14/2014 13:32 -0400
The numbers out last night were once again largely on the weak side of disappointing, with very little reaction and even less of an intuitive reaction. As Bloomberg’s Richard Breslow writes, this is the downside of everyone having the same positions. Simply put, we’ve been trained to catch the falling knife by the CBs, one of those trading strategies that will work until it doesn’t and when the knife slips you will really have a taper tantrum.
Thu, 08/14/2014 - 13:58
which is which

Posted by Barry Popik
New York CityBanking/Finance/Insurance • Saturday, August 16, 2014 • Permalink

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