4 ms·

It’s no coincidence there’s a raging bull sculpture on Wall Street.

lcnPylGDnU4H9OF 2y ago
Presumably you’re joking, but I wanted to note that this is surely a coincidence. > The sculpture was created by Italian artist Arturo Di Modica in the wake of the 1987 Black Monday stock market crash. Late in the evening of Thursday, December 14, 1989, Di Modica arrived on Wall Street with Charging Bull on the back of a truck and illegally dropped the sculpture outside of the New York Stock Exchange Building. https://en.wikipedia.org/wiki/Charging_Bull https://en.wikipedia.org/wiki/Charging_Bull
- Talanes 2y ago
  I wouldn't call that entirely coincidental. Di Modica picked a bull because it was a well understood metaphor for market optimism. The bull-run analogy, while not being central to the financial bull concept, has been applied to it plenty. See: https://upload.wikimedia.org/wikipedia/commons/thumb/3/36/Wall_Street_bubbles_-_Always_the_same_-_Keppler_1901.jpg/1920px-Wall_Street_bubbles_-_Always_the_same_-_Keppler_1901.jpg https://upload.wikimedia.org/wikipedia/commons/thumb/3/36/Wa...
- taurknaut 2y ago
  Why else would you put a bull in front of the stock exchange except as commentary on assholes pitching bull markets? How could you possibly construe this as a coincidence?
  - lcnPylGDnU4H9OF 2y ago
    > assholes pitching bull markets Totally willing to believe I’m just naive about this; I don’t see what “bull market vs. bear market” has to do with the running of the bulls festival.
    - taurknaut 2y ago
      I imagine the original use of "bull market" was derived from this practice. If this isn't the case i have no clue myself.
      - lcnPylGDnU4H9OF 2y ago
        Yeah, fair enough. Wikipedia has this, which I hadn’t found before: > The terms come from London's Exchange Alley in the early 18th century, where traders who engaged in naked short selling were called "bear-skin jobbers" because they sold a bear's skin (the shares) before catching the bear. This was simplified to "bears," while traders who bought shares on credit were called "bulls." The latter term might have originated by analogy to bear-baiting and bull-baiting, two animal fighting sports of the time. https://en.wikipedia.org/wiki/Market_trend https://en.wikipedia.org/wiki/Market_trend
    - TheSpiceIsLife 2y ago
      I replied to a comment about crypto whale pump and dump schemes in a threat about predicting crowd behaviour in reference to running of the bull festival, which happens to be, at least loosely, couple to the idea of a raging bull. Wall St has a raging bull sculpture. I feel dumber having just written that out. Don't they teach reading comprehension at school any more?
      - lcnPylGDnU4H9OF 2y ago
        Unfortunately, I don’t see any words here that describe the relation. I would appreciate if you could point them out to me so I can give my comprehension skills another go.

Presumably you’re joking, but I wanted to note that this is surely a coincidence. > The sculpture was created by Italian artist Arturo Di Modica in the wake of the 1987 Black Monday stock market crash. Late in the evening of Thursday, December 14, 1989, Di Modica arrived on Wall Street with Charging Bull on the back of a truck and illegally dropped the sculpture outside of the New York Stock Exchange Building. https://en.wikipedia.org/wiki/Charging_Bull https://en.wikipedia.org/wiki/Charging_Bull

Talanes 2y ago
I wouldn't call that entirely coincidental. Di Modica picked a bull because it was a well understood metaphor for market optimism. The bull-run analogy, while not being central to the financial bull concept, has been applied to it plenty. See: https://upload.wikimedia.org/wikipedia/commons/thumb/3/36/Wall_Street_bubbles_-_Always_the_same_-_Keppler_1901.jpg/1920px-Wall_Street_bubbles_-_Always_the_same_-_Keppler_1901.jpg https://upload.wikimedia.org/wikipedia/commons/thumb/3/36/Wa...
taurknaut 2y ago
Why else would you put a bull in front of the stock exchange except as commentary on assholes pitching bull markets? How could you possibly construe this as a coincidence?
- lcnPylGDnU4H9OF 2y ago
  > assholes pitching bull markets Totally willing to believe I’m just naive about this; I don’t see what “bull market vs. bear market” has to do with the running of the bulls festival.
  - taurknaut 2y ago
    I imagine the original use of "bull market" was derived from this practice. If this isn't the case i have no clue myself.
    - lcnPylGDnU4H9OF 2y ago
      Yeah, fair enough. Wikipedia has this, which I hadn’t found before: > The terms come from London's Exchange Alley in the early 18th century, where traders who engaged in naked short selling were called "bear-skin jobbers" because they sold a bear's skin (the shares) before catching the bear. This was simplified to "bears," while traders who bought shares on credit were called "bulls." The latter term might have originated by analogy to bear-baiting and bull-baiting, two animal fighting sports of the time. https://en.wikipedia.org/wiki/Market_trend https://en.wikipedia.org/wiki/Market_trend
  - TheSpiceIsLife 2y ago
    I replied to a comment about crypto whale pump and dump schemes in a threat about predicting crowd behaviour in reference to running of the bull festival, which happens to be, at least loosely, couple to the idea of a raging bull. Wall St has a raging bull sculpture. I feel dumber having just written that out. Don't they teach reading comprehension at school any more?
    - lcnPylGDnU4H9OF 2y ago
      Unfortunately, I don’t see any words here that describe the relation. I would appreciate if you could point them out to me so I can give my comprehension skills another go.