A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include securities listed on a public stock exchange, as well as stock that is only traded privately, such as shares of private companies. A bull market is a market that is on the rise and is economically sound, while a bear market is a market that is receding, where most stocks are declining in value. Speculators are sophisticated investors or traders who purchase assets for short periods of time and employ strategies in order to profit from changes in their price. Speculators are important to markets because they bring liquidity and assume market risk. A Bear is a speculator, who anticipates a fall in the price of securities. He sells- securities for future delivery. He sells securities which he does not possess with the hope to buy the securities at a lower price before the date of delivery. In India, a bear is also known as mandiwala. A bull is a stock market speculator who buys a holding in stock in the expectation that in the very short term it will rise in value whereupon they will sell the stock to make a quick profit on the transaction. Therefore, Bulls and bears are associated with speculators. Download Solution PDFShare on Whatsapp