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!
by AlaskaRon July 14, 2009