Bear

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1.

An investor or trader who takes the view that market prices are likely to fall, and sells assets hoping to make a profit by subsequently buying at a lower price, or takes any market position likely to result in a profit as a result of falling market prices.

Hence 'bear market' describes a market which is on a trend of falling prices.


2.

More broadly, one who takes a view that market prices are likely to fall, whether or not they adopt any particular market position as a result of their view.


See also