knife catcher
a knife catcher is an idiot investor who buys something while its price is still dropping. usually refers to someone who bought a house that is ‘an incredibly good deal’ just before it drops another 10 percent. called a knife catcher as they are trying to catch a good deal, but will just probably lose their fingers as the knife goes whipping by.
haw haw haw! they said i would never be able to sell my house in florida in this bad economy, but some knife catcher showed up to take the turkey off my hands!
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