30/09/2021
The terms “Bear” and “Bull” are thought to be originated from the way of attacking by each animal, with the bull thrusting its horn up in the air, while a bear swiping downwards.
Historically, the middleman used to speculate on the future price of the bearskins by selling them which they yet had to receive from the tappers, with the expectation that the price will drop. They used to call the middleman as bear jobbers and in short “bears” which is known to describe the downturn in the market.
As bull was assumed to be opposite of the bear at that time so it was termed as the upward movement of the market.