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Technical definition of 'bulls' and 'bears'?

Can anyone help me out with the definition of 'bulls' and 'bears'? By this I mean, is it what you think or what you want?

Can you be a bull by thinking that prices will rise but a bear by hoping they will fall or the other way round? Does that make you a bull or a bear?

What are you called if you think the market will be absolutely flat? hedgehog?

Seriously though - I would like to know.
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Comments

  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Bullish is thinking something is in a moving upward value trend.

    Bearish is thinking it is in a moving down in value trend.

    But in reality on here it is not used correctly.
    Many on here who thought falls of 20%-30% were classed as bulls. In reality they were bearish just not as bearish as some.
    I still think prices will remain fairly stagnant for the next few years but I am still classed as a bull on here. In reality I would say that is a neither.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Seriously though - I would like to know.

    A bull is someone who expects the market to rise.

    A bear is someone who expects the market to fall.

    It is entirely possible to be bearish on a market short term, but bullish long term, or vice versa.

    The terms bulls and bears have been hijacked by housing forums though, and are now commonly misused to mean a bull is someone who wants prices to rise, and a bear wants prices to fall.

    So someone who owned property and would like to see price rises, but expected prices to fall in the short term, was wrongly categorised as being a bull, for example. Or someone who didn't own property, and wanted prices to fall, but accepted they would rise, was wrongly categorised as a bear.

    And even now we see the same thing, with those who identify as "bears" buying property, clearly realising the market has troughed, but coming up with every excuse under the sun to maintain their status as a "bear" on web forums by claiming they still expect prices to fall......;)
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    A bear is someone who expects the market to fall.

    The term supposedly comes from frontier Northern America where trappers would sell furs they didn't have when prices were good and then try and find a bear to make good on the deal.

    I've never seen a credible story for bulls although there are plenty flying around the internet.

    Nick Taleb makes a point about being in a meeting and saying he's bullish but that they should sell. His reasoning? He thinks the shares will rise and they will make a little money. However, if they fall he thinks they will fall a lot so the downside risk isn't worth it for the potential gain.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker

    And even now we see the same thing, with those who identify as "bears" buying property, clearly realising the market has troughed, but coming up with every excuse under the sun to maintain their status as a "bear" on web forums by claiming they still expect prices to fall......;)

    Including their iconic leader The Schiffster icon7.gif
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • lemonjelly
    lemonjelly Posts: 8,014 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    Bulls are avaricious, self interested HPi cheerleaders with thoughts for no-one other than their own portfolio. They can be distinguished by drooling every time any report is released advising that prices are up, their multitude of BTL's (all bought around the trough), & a number of platinum cards.

    Bears are paranoid/delusional beings, who spend time hoping for armageddon. They can be distinguished by the tin foil hats, dark rings round the eyes, wheelbarrows full of baked beans and nuclear bunker. They usually are telling all & sundry everything will fall.
    It's getting harder & harder to keep the government in the manner to which they have become accustomed.
  • abaxas
    abaxas Posts: 4,141 Forumite
    In terms of housing

    Bulls - selfish individuals who only think about themselves
    Bears - group oriented people who beleive in community
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    lemonjelly wrote: »

    Bears are paranoid/delusional beings, who spend time hoping for armageddon. They can be distinguished by the tin foil hats, dark rings round the eyes, wheelbarrows full of baked beans and nuclear bunker. They usually are telling all & sundry everything will fall.

    Favourite films include Shaun of the Dead, Planet of the Apes. The Day After Tomorrow and Armageddon oh and the one that hasn't been made yet, The Day The Oil Ran Out :eek:
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    StevieJ wrote: »
    Including their iconic leader The Schiffster icon7.gif

    And HPC pin-up girl and Moneyweek editor, Merryn Somersett Webb.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    abaxas wrote: »
    In terms of housing

    Bulls - selfish individuals who only think about themselves
    Bears - group oriented people who beleive in community

    Unless you are a young member of the community that bought a house in 2007, then you are voodoo dolled and hexed to permanently live in thing called negative something or other.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    And HPC pin-up girl and Moneyweek editor, Merryn Somersett Webb.

    Forgot about her icon7.gif then again we have a couple of our own.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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