Where do the terms “bear” and “bull” markets come from?

Make Me Smart

Marketplace

News, Business

4.6 • 5.4K Ratings

🗓️ 8 June 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

A major stock index entered “bear” market territory recently. One of our listeners is wondering why we call it a “bear” or “bull” market and where those terms come from. We have some answers. Plus, more of your questions about gun manufacturing, the Federal Reserve and why the heck Mariah Carey is getting sued over her holiday hit “All I Want For Christmas Is You” almost 30 years after it was released?

Here’s everything we talked about today:

“Why we use animals to describe what’s going on with the stock market or economy” from Marketplace
The Gun Industry in America from The Center for American Progress
“President Biden calls for assault weapons ban and other measures to curb gun violence” from NPR
“Colt Says Its Decision to Stop Making AR-15 Rifles for Civilians Is Driven by Customers. Experts Aren’t So Sure” from TIME Magazine
“How Mariah Carey’s Christmas Hit Can Still Face a Copyright Lawsuit 30 Years Later” from Billboard

If you have a question you’d like us to find the answer to, send it our way. We’re at [email protected] and (508) 827-6278 or (508) U-B-SMART.

Transcript

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0:00.0	It's a long 10 seconds. There we go. A long 10 seconds.
0:06.0	Everybody have to well, so what happens is Charlton says, okay, 10. He's the only guy that does it.
0:12.0	You just felt longer. Yeah, anyway, I'm kind of anxious.
0:16.0	Yeah, a little bit. A little bit, right? I'm kind of rised out. Welcome back to Make Me Smart,
0:20.0	where we make today make sense with 10 second warnings. That's what we do.
0:24.0	Yes. And I'm Kimberly Adams. Thank you for joining us for what do you want to know?
0:29.0	What do you want to know Wednesday? And you know, if you want to know why Charlton is the other one who does that,
0:35.0	maybe we should ask him. We should really do that next Wednesday.
0:40.0	We're going to have the answer to that question. Why is Charlton the guy?
0:43.0	And right now I can promise you he's sitting in the control room down down.
0:47.0	Lausanne is going, what even is happening right now?
0:50.0	We need out of this. Oh my. Okay. But this is actually the show where we're going to answer your questions.
0:58.0	Our lovely audience questions because thank you for sending them. And we all want to get smarter.
1:04.0	Yes, we do. You know the drill, right? Email us at Make Me Smart at Marketplace.org or leave us a voicemail.
1:09.0	Our phone number is 508 UB Smart.
1:13.0	All right. Let's get to the first question of the day. It comes from Tamara.
1:18.0	And forgive me if it's tomorrow, but you know, all kind of ways. She writes, I'm tremendously curious.
1:25.0	If you know where the term bear and bull market come from and how you keep those terms straight,
1:32.0	looking for some help. This sounds all about you, Kai.
1:36.0	All right. So, so let's define some terms first, right?
1:40.0	So a bear market is one where stocks have declined 20% from their most recent high, right?
1:49.0	And you might have heard me say this on the air a couple of weeks ago.
	...

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