The duel between the Bull and the Bear

The bull and the bear are widespread symbols in the financial market and represent bullish or bearish movements based on how they hit their opponents. In 1848, gold was discovered in California and prospectors from all over the country flocked to the region. To amuse them, the Mexicans brought bullfights, inherited from their Spanish colonists. However, fighting men and bulls was not enough for the garimpeiros. They wanted something more violent and less predictable. So they pitted bulls against bears (which are found in abundance in California). The duel ended with the death of one of the animals. Sometimes the bull, with a quick upward movement of its head, would pierce its opponent's chest with its horns. In others, the bear, with a violent downward kick, crushed the enemy's skull. The bull always attacked upwards. The bear, down. This duel also had a betting scheme on the different sides. From that time and from the way animals fight, the habit of calling the bull market a bull market and a bear market when the stock exchange faces devaluations originated.