Who are the bears and bulls? And where did this naming come from?! 🤔
In the world of finance and markets, the term "bears" is used to refer to a bearish market 🔴 known as Bear Market, while the term "bulls" is used to indicate a bullish market 🟢 known as Bull Run.
But, have you ever wondered why these symbols were chosen?! 🧐
The answer lies in the way each animal attacks:
The bull attacks its opponent by lifting its horns from the bottom up, just like the bullish market.
The bear attacks by swiping its claws from the top down, just like the bearish market.
So, who are these in the market?!
Bears 🐻
They are the investors who are pessimistic and tend to sell when the market rises, believing that the cycle is over and a downturn is coming.
Bulls 🐂
They are the optimists who buy heavily during a bearish market, believing that prices will rise and the market is heading for a wave of growth.
And the most important question now:
Are you a bear or a bull?!