A bear market is one in which stock prices are in decline; a bull market is used to describe one in which stock prices are increasing. These terms have been in use since the early 18th century, but there is no general agreement about their origin. One interesting theory says that they may be related to the sports of bearbaiting and bullbaiting. The animals would be tied to stakes and attacked by dogs. The bear would swipe at the dogs using a downward motion of its paws, while the bull would attempt to gore them with an upward thrust of its horns.

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