And The Winner Is?

The Madness

bull_bear Getty ImagesPhoto by Spencer Platt/Getty Images

“Where do the terms “bull market” and “bear market” come from? No one knows. The most popular theory is that the bear market originally referred to middlemen in the fur trade, who would buy and sell bearskins before the bears had been caught a practice even more financially hazardous than counting your chickens before they’re hatched. A proverb about bear-jobbers was current as early as the seventeenth century. The term “bear” for stock buyers who expected prices to fall became common during the 1720s South Sea Bubble scandal in England.”

“A bull buys with the expectation of selling later at a higher price. The venerable Oxford English Dictionary gives no earlier usage of “bull” in this sense than in the combination “bears and bulls,” cited in a 1714 publication. Bulls may have been associated with bears because, from the sixteenth well into the nineteenth century, a popular entertainment in England was the baiting of bulls and bears, which involved putting one or the other in a pit and letting dogs loose on them, to see which animals survived. Thomas Nast, famed nineteenth-century cartoonist, popularized the image of bulls and bears in the American stock market. (Note: Most of the material on the Internet regarding the origins of bulls and bears is simply a rehash of the Oxford English Dictionary entries on those two words.)”

Quote Excerpt Courtesy Dianne L. Durante

What’ll It Be?

  • Was 2009 just a knee jerk to 2008’s financial meltdown?
  • Was it the beginning of something new and as yet previously undefined?
  • Will the Vancouver real estate market continue it meteoric rise?
  • Will those biting at the neck of the bull see their 2010 dreams come true?
  • Will you be buying?
  • Will you be Selling?
  • Will B.C.’s locked down unions finally get to vent as they seek higher wages.
  • Will jobs be lost as the “I’m alright jack” saying plays.
  • Who will pay, how much and when?
  • Will the Olympics save our economic ass or will it slap it down.
  • Will the HST be the death of us?
  • Will there be more soup kitchens?
  • Will many people lose their homes when the rates climb.
  • Will we all adjust to the new reality of personal life time debt.
  • Will we walk away from it?
  • Will it change our Canadian financial mindset?
  • Will we 10 years from now, remember the mess we got ourselves into?

Questions – There are so Many

As Durante notes, even the Oxford Dictionary is unable to provide real answers. So we are left to understand that rooted in the essence of the terms Bulls and Bears, is one word – risk.

Heard is that Risk has a brother called Speculation, both whose family name is Opinion.

Got one? What is your answer to 2010?


*Thinking of Buying or Selling your Vancouver home? Put on a cup of coffee and let’s talk.
**Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
***Numbers provided may vary as they are dynamically posted by the REBGV.

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

When Life Moves You - contact Larry:

*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Reader Comments:

mike Says:
December 28th, 2009 at 5:37 pm

Actually that’s not how the term bull market and bear market came to be.

Bull market implies higher prices because bulls spear in an upwards motion with their horns when attacking.

Bear market implies lower prices because bears swing down with their claws when attacking.

December 28th, 2009 at 7:26 pm

Mike,

Thanks for your view however, you may have to take that up with Ms. Durante.

Your version may be the generally accepted view, one perhaps that is the current layman’s view of it’s interpretation. In both understandings, it is clear that it is blood thirsty.

mike Says:
December 28th, 2009 at 8:02 pm

You could be right, I suppose that’s just what I grew up with..

Keep up the great work

Chris Taylor Says:
December 29th, 2009 at 9:57 am

I’m considering selling my rental property.

Prices in Ottawa have skyrocketed as the normally sleepy government folks have hopped on the real estate gravy train. Likewise rental vacancies are up as first time buyers move to the burbs and leave apartments vacant.

What scares me is what I’m seeing here in Vancouver might happen in Ottawa. More people renting out their condos they couldn’t sell, and the increased vacancy rate driving prices down.

In Ottawa this would mean others renting out their townhomes in the burbs, in direct competition with my townhome. This leaves me in a pickle. If the rental property becomes vacant I may have a tough time renting it, or have to decrease the rent to the point its nolonger profitable to keep.

I’m going to put it up for sale in the spring and see who bites. If I can get an offer above asking price, I’ll sell it.

December 29th, 2009 at 10:12 am

Chirs,
Selling in Ottawa – Need an introduction to a “good” realtor?

John Veltheer Says:
December 29th, 2009 at 10:20 am

Can you assess Vancouver West (and really Vancouver East) vs other urban centres that aren’t landlocked, largely density locked and subject to substantial immigration/population growth?

While a bull market in vancouver in context of the rest of the world seems incongruous aren’t there other factors at play here that are even stronger than the drag of the world’s economy?

Maybe compare Vancouver to Paris or Lower Manhattan over a number of economic cycles will give more insight?

December 29th, 2009 at 10:50 am

John,

The idea of comparing Vancouver to other cities of the world is tempting until the time to source reliable data is considered. In the case of Manhatten and Paris, to my knowledge, those cities do not have centralized real estate services from which to draw accurate information. The result is that much is cobbled by individuals or corporations who may or may not have vested interest in the results.

Secondly, going out on a limb, you may forgotten that my day job pre-occupies most of the hours given me in a day. Ultimately, a man has got to know his limitations and for this blog to go beyond Vancouver and or Canada which by itself may appear xenophobic, would preclude me from performing my income generating duties.

With that in mind you are welcome to point readers herein to sites you feel provide the type of information you mentioned with the understanding that said references are always subject to approval of the administrator of this blog.

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