Q.A Pessimistic speculator is ______.

A pessimistic speculator is a bear, so the correct answer is option (d).

Explanation:

• A bear is a pessimistic speculator who expects share prices to fall. He sells securities now in the hope of buying them back later at a lower price, profiting from the decline.
• (a) Bull is the optimistic speculator who expects prices to rise and buys in anticipation — the opposite of a bear.
• (b) Stag is a cautious speculator who applies for new share issues intending to sell them at a premium on listing. …