« From the Arcives: Benjamin Graham on Being Right in Security Analysis | Main | Robert Litterman: Who Should Hedge Tail Risk? »

06/22/2011

Artifacts of Finance: Bull and Bear, Wall Street’s Good Luck Icon


Click to Print This Page

Bull and Bear Statue from the NYSE Luncheon Club
There is debate as to the exact origins of the terms “bull” and “bear” markets. But, many agree that the term “bears” first originated in reference to London bearskin brokers who would speculate on the future purchase price of the skins they acquired from trappers. The bulls were likely designated the opponents of the bears due to the popular 19th century blood sport of pitting bears against bulls. It has also been suggested that the metaphor is derived from the manner in which the animals attack, with the bull thrusting its horns up, and the bear swiping its paw down.

This bronze rendition of that battle sat outside the NYSE Luncheon Club, where traders would pass it every day on their way to the trading floor. Sculpted by Isadore-Jules Bonheur and exhibited in St. Louis in 1900, the statue was bought by members of the Exchange in 1924. It stood outside of the Luncheon Club until it closed in 2006, after which it was purchased by LaBranche & Co. The statue has a rich patina, except for where superstitious traders would rub it for luck.  The statue has been on loan to the Museum of American Finance from LaBranche & Co. since 2008, where visitors are invited to touch it, just as the traders did.

Museum of American Finance


Related Posts Plugin for WordPress, Blogger...

Comments

The comments to this entry are closed.

UConn-ad

NYSSA Job Center Search Results

To sign up for the jobs feed, click here.


UPCOMING EVENT
MF16

NYSSA Market Forecast™: Investing In Turbulent Times
January 7, 2016

Join NYSSA to enjoy free member events and other benefits. You don't need to be a CFA charterholder to join!


CFA® EXAM PREP

CFA® Level I 4-Day Boot Camp
Midtown

Thursday November 12, 2015
Instructor: O. Nathan Ronen, CFA

CFA® Level II Weekly Review - Session A Monday
Midtown

Monday January 11, 2016
Instructor: O. Nathan Ronen, CFA

CFA® Level III Weekly Review - Session A Wednesday
Midtown

Wednesday January 13, 2016
Instructor: O. Nathan Ronen, CFA

CFA® Level III Weekly Review - Session B Thursday
Thursday January 21, 2016
Instructor: O. Nathan Ronen, CFA

CFA® Level II Weekly Review - Session B Tuesday
Thursday January 26, 2016
Instructor: O. Nathan Ronen, CFA