So I’m talking with a friend here in Macau, China about stocks and I asked them if they knew about the terms Bull Market and Bear Market. They said yes. The Bear Market is when stocks go down. They said the phrase comes from the old West in America. The cowboys would sit around and got very bored so they decided to bring in a bear to fight with a cow. The bear lost to the cow. So a Bear Market means the stock is losing.
Oh c’mon, that’s just so darn cute. I asked them for clarification, “The bear lost to the cow?” and they said most certainly, “Yes!”