
If you’ve ever caught a business news segment, you’ve probably heard anchors throwing around terms like “bull market” and “bear market” as if everyone just naturally knows what they mean. But beyond the basic idea that one’s good and one’s bad, the real mechanics of these market conditions—and how they got their animal nicknames—are pretty interesting.
How the Stock Market Works (The Quick Version)
Before we dive into bulls and bears, let’s cover the basics. The stock market is essentially a place where people buy and sell ownership stakes in companies. When you buy a share of stock, you’re purchasing a tiny piece of that company. The price of that share goes up or down based on how many people want to buy it versus how many want to sell it—classic supply and demand.
Companies sell shares to raise money for growth, and investors buy them hoping the company will do well and the stock price will increase. The overall “market” is tracked through indexes like the S&P 500 or Dow Jones Industrial Average, which measure how a group of major companies are performing. When most stocks are rising, we say the market is up; when most are falling, the market is down.
What Bull and Bear Markets Actually Mean
A bull market refers to a period when stock prices are rising, typically defined as a 20% or more increase from recent lows. During bull markets, investors are optimistic, companies are generally doing well, and people are more willing to take risks with their money. Bull markets usually are driven by a strong economy with low inflation and optimistic investors. Think of the economic boom of the late 1990s or the recovery after the 2008 financial crisis—those were classic bull markets where prices kept climbing for years.
A bear market is essentially the opposite: a general decline in the stock market over time, usually defined as a 20% or more price decline over at least a two-month period. During bear markets, investors get nervous, sell off their holdings, and pessimism spreads. When a 10% to 20% decline occurs, it’s classified as a correction, and bear territory always precedes a bear market. The Great Depression, the 2008 financial crisis, and the COVID-19 pandemic’s initial impact all triggered bear markets.
The Colorful History Behind the Terms
Now here’s where things get interesting. These terms didn’t come from some modern marketing genius—they trace back to 18th century London, and the story involves everything from old proverbs to violent animal fights to one of history’s biggest financial scandals.
The “bear” term came first. Etymologists point to an old proverb, warning that it is not wise “to sell the bear’s skin before one has caught the bear”. This saying was about the foolishness of counting on something before you actually have it. By the early 1700s, traders who engaged in short selling (betting that prices would fall) were called “bear-skin jobbers” because they sold a bear’s skin—the shares—before catching the bear. The term eventually got shortened to just “bears.”
The real watershed moment came with the South Sea Bubble of 1720. The South Sea Company was a British joint stock company founded by an act of Parliament in 1711, and in 1720, the company assumed most of the British national debt and convinced investors to give up state annuities for company stock sold at a very high premium. When everything collapsed, share prices dropped dramatically, starting a “bear market,” and the story became the topic of many literary works and went down in history as an infamous metaphor.
As for “bull,” the origins are a bit murkier. The first known instance of the market term “bull” popped up in 1714, shortly after the “bear” term emerged. Most historians think it arose as a natural counterpoint to “bear,” possibly influenced by bull-baiting and bear-baiting, two animal fighting sports popular at the time—though I should note that’s somewhat speculative.
There’s also a popular explanation about how the animals attack: bears swipe downward with their paws while bulls thrust upward with their horns, which nicely mirrors market movements. While that’s a helpful memory device, it’s probably more of a convenient coincidence or a retroactive description than the actual origin. The term “bull” originally meant a speculative purchase in the expectation that stock prices would rise, and was later applied to the person making such purchases.
Why This Still Matters
These metaphors have stuck around for three centuries because they work. They’re visceral and easy to remember—you can picture a charging bull or a hibernating bear without needing an economics degree. They also capture something real about market psychology: the aggressive optimism of bulls pushing prices up versus the defensive pessimism of bears hunkering down.
Understanding these terms helps you follow financial news and, more importantly, recognize when markets are shifting. Knowing you’re in a bull market might make you less surprised by rising prices, while recognizing a bear market can help you avoid panic-selling when things look grim.
The Bull and Bear Markets are among those things I’ve heard for years and never knew their origin. This article is an attempt to explain it to myself.
Sources:
- Merriam-Webster Dictionary: https://www.merriam-webster.com/wordplay/the-origins-of-the-bear-and-bull-in-the-stock-market
- Savant Wealth Management: https://savantwealth.com/savant-views-news/article/bulls-and-bears-where-do-those-terms-come-from/
- Wikipedia – Market Trend: https://en.wikipedia.org/wiki/Market_trend
- CNN Business: https://www.cnn.com/2022/06/14/business/bear-bull-meaning-wall-street-stocks
- Today I Found Out: http://www.todayifoundout.com/index.php/2013/04/origin-of-the-stock-market-terms-bull-and-bear/























What “Woke” Really Means: A Look at a Loaded Word
By John Turley
On January 15, 2026
In Commentary, History, Politics
Why everyone’s fighting over a word nobody agrees on
Okay, so you’ve probably heard “woke” thrown around about a million times, right? It’s in political debates, online arguments, your uncle’s Facebook rants—basically everywhere. And here’s the weird part: depending on who’s saying it, it either means you’re enlightened or you’re insufferable.
So let’s figure out what’s actually going on with this word.
Where It All Started
Here’s something most people don’t know: “woke” wasn’t invented by social media activists or liberal college students. It goes way back to the 1930s in Black communities, and it meant something straightforward—stay alert to racism and injustice.
The earliest solid example comes from blues musician Lead Belly. In his song “Scottsboro Boys” (about nine Black teenagers falsely accused of rape in Alabama in 1931), he told Black Americans to “stay woke”—basically meaning watch your back, because the system isn’t on your side. This wasn’t abstract philosophy; it was survival advice in the Jim Crow South.
The term hung around in Black culture for decades. It got a boost in 2008 when Erykah Badu used “I stay woke” in her song “Master Teacher,” where it meant something like staying self-aware and questioning the status quo.
But the big explosion happened around 2014 during the Ferguson protests after Michael Brown was killed. Black Lives Matter activists started using “stay woke” to talk about police brutality and systemic racism. It spread through Black Twitter, then got picked up by white progressives showing solidarity with social justice movements. By the late 2010s, it had expanded to cover sexism, LGBTQ+ issues, and pretty much any social inequality you can think of.
And that’s when conservatives started using it as an insult.
The Liberal Take: It’s About Giving a Damn
For progressives, “woke” still carries that original vibe of awareness. According to a 2023 Ipsos poll, 56% of Americans (and 78% of Democrats) said “woke” means “to be informed, educated, and aware of social injustices.”
From this angle, being woke just means you’re paying attention to how race, gender, sexuality, and class affect people’s lives—and you think we should try to make things fairer. It’s not about shaming people; it’s about understanding the experiences of others.
Liberals see it as continuing the work of the civil rights movement—expanding who we empathize with and include. That might mean supporting diversity programs, using inclusive language, or rethinking how we teach history. To them, it’s just what thoughtful people do in a diverse society.
Here’s the Progressive Argument in a Nutshell
The term literally started as self-defense. Progressives argue the problems are real. Being “woke” is about recognizing that bias, inequality, and discrimination still exist. The data back some of this up—there are documented disparities in policing, sentencing, healthcare, and economic opportunity across racial lines. From this view, pointing these things out isn’t being oversensitive; it’s just stating facts.
They also point out that conservatives weaponized the term. They took a word from Black communities about awareness and justice and turned it into an all-purpose insult for anything they don’t like about the left. Some activists call this a “racial dog whistle”—a way to attack justice movements without being explicitly racist.
The concept naturally expanded from racial justice to other inequalities—sexism, LGBTQ+ discrimination, other forms of unfairness. Supporters see this as logical: if you care about one group being treated badly, why wouldn’t you care about others?
And here’s their final point: what’s the alternative? When you dismiss “wokeness,” you’re often dismissing the underlying concerns. Denying that racism still affects American life can become just another way to ignore real problems.
Bottom line from the liberal side: being “woke” means you’ve opened your eyes to how society works differently for different people, and you think we can do better.
The Conservative Take: It’s About Going Too Far
Conservatives see it completely differently. To them, “woke” isn’t about awareness—it’s about excess and control.
They see “wokeness” as an ideology that forces moral conformity and punishes anyone who disagrees. What started as social awareness has turned into censorship and moral bullying. When a professor loses their job over an unpopular opinion or comedy shows get edited for “offensive” jokes, conservatives point and say: “See? This is exactly what we’re talking about.” To them, “woke” is just the new version of “politically correct”—except worse. It’s intolerance dressed up as virtue.
Here’s the conservative argument in a nutshell:
Wokeness has moved way beyond awareness into something harmful. They argue it creates a “victimhood culture” where status and that benefits come from claiming you’re oppressed rather than from merit or hard work. Instead of fixing injustice, they say it perpetuates it by elevating people based on identity rather than achievement.
They see it as “an intolerant and moralizing ideology” that threatens free speech. In their view, woke culture only allows viewpoints that align with progressive ideology and “cancels” dissenters or labels them “white supremacists.”
Many conservatives deny that structural racism or widespread discrimination still exists in modern America. They attribute unequal outcomes to factors other than bias. They believe America is fundamentally a great country and reject the idea that there is systematic racism or that capitalism can sometimes be unjust.
They also see real harm in certain progressive positions—like the idea that gender is principally a social construct or that children should self-determine their gender. They view these as threats to traditional values and biological reality.
Ultimately, conservatives argue that wokeness is about gaining power through moral intimidation rather than correcting injustice. In their view, the people rejecting wokeness are the real critical thinkers.
The Heart of the Clash
Here’s what makes this so messy: both sides genuinely believe they’re defending what’s right.
Liberals think “woke” means justice and empathy. Conservatives think it means judgment and control. The exact same thing—a company ad featuring diverse families, a school curriculum change, a social movement—can look like progress to one person and propaganda to another.
One person’s enlightenment is literally another person’s indoctrination.
The Word Nobody Wants Anymore
Here’s the ironic part: almost nobody calls themselves “woke” anymore. Like “politically correct” before it, the word has gotten so loaded that it’s frequently used as an insult—even by people who agree with the underlying ideas. The term has been stretched to cover everything from racial awareness to climate activism to gender identity debates, and the more it’s used, the less anyone knows what it truly means.
Recently though, some progressives have started reclaiming the term—you’re beginning to see “WOKE” on protest signs now.
So, Who’s Right?
Maybe both. Maybe neither.
If “woke” means staying aware of injustice and treating people fairly, that’s good. If it means acting morally superior and shutting down disagreement, that’s not. The truth is probably somewhere in the messy middle.
This whole debate tells us more about America than about the word itself. We’ve always struggled with how to balance freedom with fairness, justice with tolerance. “Woke” is just the latest word we’re using to have that same old argument.
The Bottom Line
Whether you love it or hate it, “woke” isn’t going anywhere soon. It captures our national struggle to figure out what awareness and fairness should look like today.
And honestly? Maybe we’d all be better off spending less time arguing about the word and more time talking about the actual values behind it—what’s fair, what’s free speech, what kind of society do we want?
Being “woke” originally meant recognizing systemic prejudices—racial injustice, discrimination, and social inequities many still experience daily. But the term’s become a cultural flashpoint. Here’s the thing: real progress requires acknowledging both perspectives exist and finding common ground. It’s not about who’s “right”—it’s about building bridges.
If being truly woke means staying alert to injustice while remaining open to dialogue with those who see things differently, seeking solutions that work for everyone, caring for others, being empathetic and charitable, then call me WOKE.