Investors who are pessimistic and expect prices to decrease.

The bear is used as a symbol to represent decreasing prices, visualized by his paw striking downwards. Rising prices (bull markets) are symbolized by a bull ramming his horns upwards. Therefore, the monument in front of the Frankfurt Stock Exchange shows the sculptures of a bull and a bear.

Our glossary explains important financial terms and should not leave any questions unanswered. However, if you are missing a definition, please write to us at We will then include the term if possible.