You dont necessarily sell someone something you dont know to be bearish. Bears arent necessarily short, and that is why bearskin jobbers doesnt make sense......If you feel something is going down you can get out of it or go long in a security with an inverse relationship....etc. Being a bear does not have any inherent relationship to being short in that security.
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the trend is down, market has reached peak
- Thread starter DT-waw
- Start date
Do you sell something you dont own first when you are bearish on a futures contract, and go short? Of course not.
Originally posted by SilverBullet
You dont necessarily sell someone something you dont know to be bearish. Bears arent necessarily short, and that is why bearskin jobbers doesnt make sense......If you feel something is going down you can get out of it or go long in a security with an inverse relationship....etc. Being a bear does not have any inherent relationship to being short in that security.
Saved this from somewhere...
The term ''bearskin jobber'' was often used for those jobbers who ''sold short'' (sold stock they did not own) in anticipation of purchasing when the price had fallen.' The report says that the essayist Joseph Addison, writing in a 1709 edition of the London Tatler, likened short selling to 'selling the bear's skin before one has caught the bear' - hence the UK term 'uncovered bear' which indicates someone selling short.
LeesonTrader
Guest
the explanation I heard of bears and bulls was the bears swipe down and bulls charge up with their horns.
would both explanations not refer to the animals doing the same thing? I mean if bear jobbers is correct, then how would this describe bulls?
would both explanations not refer to the animals doing the same thing? I mean if bear jobbers is correct, then how would this describe bulls?
Originally posted by Don Dumb
Bear comes from 'bearskin jobbers'. They often sold bear skins despite not having killed the bear yet. So short-sellers got the name bears: selling you a stock they didn't really own.
Don't know how bull came about.
DD...I don't remember where or how I came upon this info, so I can't vouch for it, but here goes.
Bears attack by starting high in the air and coming DOWN on their prey. Thus the downward movement.
When bulls attack, their heads are DOWN, and as they charge, they lift their heads UPWARDS. Thus the upward movement.
Interesting anyway.
Yeah Lavish has got it right...