| Bulls versus Bears commentary is
a forum where the intelligent speculator can weigh both sides of a market
debate: a bullish opinion, symbolized by the bull, implies rising prices,
while a bearish opinion, symbolized by the bear, implies a pessimistic outcome
for the value of the asset under debate, or just lower prices. The terms
were meant to describe the human interaction within a market, which exists
to fairly resolve the natural conflicts that arise from two parties with
diametrically opposite interests. In the old days (?), money was pooled,
and prices were promoted, and the groups that worked in the market to promote
prices were designated bulls... as were the masses of individuals and groups
who depended on other bulls for their knowledge base. The bear is a cooperative
animal... it lets bulls run around for half of the year, getting fatter,
and then it comes out of hibernation. It too is a necessary animal in a
market environment, else there would be no playing field. |
