| Definition of Yo-ioA toy consisting of a spheroidal spindle, wound with string held in the fingers, that is reeled up and down by moving the wrist.
(finance) A volatile market that moves up and down.
(informal) Someone who vacillates.
(informal) A foolish, annoying or incompetent person.It is hard to watch the management for very long and not conclude that the place is run by a bunch of yo-yos.
 
To vacillate.
 - The Nuttall Encyclopedia 
 
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