Slate's Chadwick Matlin wrote an article yesterday about a new phrase that a Wall Street analyst coined recently:
Friday morning on CNBC, UBS's trading-floor czar Art Cashin was asked whether he thought the markets had bottomed out. Rather than offer a tried-and-true business cliché about bulls and bears, Cashin got creative. It "might be more of a platypus bottom," he said. Come again?
A Google search reveals this isn't the first time Cashin has used the phrase. About a week ago, he described the market in similar terms, again telling CNBC: "The trouble with this one is … this isn't a normal-looking bottom. It might be a platypus bottom. It might just be something strange we've never seen before." Google suggests that nobody else has ever uttered the phrase. Cashin is the only one trying to spread this neologism.
There's analysis and explanation in the full article. I'm pretty sure I don't like it. Especially since platypuses' bottoms, at least, don't seem that strange to me: