Q.Explain 'Bear'.

A bear is a pessimistic speculator who sells expecting prices to fall, planning to buy back cheaper later.

Among the speculators on a stock exchange, a bear is one who takes a pessimistic view of the market. His characteristics are:

• Expectation of a fall: a bear believes that the prices of securities will decline in the near future.
• Sells first: acting on this belief, he sells shares now — sometimes even shares he does not currently possess (a short sale) — at the present higher price.
• Buys back later: he intends to buy them back at a lower price when the market falls, and the difference between the higher selling price and the lower buying price is his profit. …