The stock market got the names “bear & bull” bcz of caballeros (Spanish knights) in California
They put California grizzlies in battle with bulls
They observed bears swiped downward & bulls hooked upward,thus lending the analogy
This led to the California grizzly’s extinction
They put California grizzlies in battle with bulls
They observed bears swiped downward & bulls hooked upward,thus lending the analogy
This led to the California grizzly’s extinction
Historically, the middlemen in the sale of bearskins would sell skins they had yet to receive. As such, they would speculate on the future purchase price of these skins from the trappers, hoping they would drop.
The trappers would profit from a spread—the difference between the cost price & the selling price. These middlemen became known as "bears," short for bearskin jobbers, & the term stuck for describing a downturn in the market.
Conversely, because bears & bulls were widely considered to be opposites due to the once-popular blood sport of bull-&-bear fights, the term bull stands as the opposite of bears.
#StockMarkets
#Bearmarket
#Bullmarket
#StockMarkets
#Bearmarket
#Bullmarket
• • •
Missing some Tweet in this thread? You can try to
force a refresh
