Used in the context of general equities. Bear market wherein investors who sell are faced with substantial losses, while potential investors prefer to stay liquid; that is, to keep their money in cash or cash equivalents until market conditions improve.
GRAVEYARD MARKET
Meaning of GRAVEYARD MARKET in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012