News1 min ago
Bull/Bear market
4 Answers
Where do these decsriptions originate and why does Bear mean a low market and Bull a high?
Answers
Best Answer
No best answer has yet been selected by FTVS. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.An old Stock Market phrase spoke of a 'bearskin jobber'. This referred to the old proverb about selling the bearskin before you'd succeeded in killing the bear! That's what a bearskin jobber hoped to do. A bear nowadays is an investor who anticipates a fall in stock prices and invests accordingly. A bull anticipates the opposite...namely, that prices will rise...and speculates on that basis. Both words originted in these senses in the 18th century.