What’s a bear market? An economist explains
- Written by Vidhura S Tennekoon, Assistant Professor of Economics, IUPUI
At the moment, the bear seems to have the best of the bull.AP Photo/Michael ProbstA 16th-century proverb advises: “It’s unwise to sell a bear’s skin before catching it.”
That’s one of the stories used to explain why, in modern times, Wall Street types call someone who sells a stock expecting its price to drop a...