Bulls and Bears – oh my!
January 14, 2021 by admin
Filed under Featured, Forex Tips
Anyone who has flicked through the financial channels on their cable TV box without really stopping to listen to what is being said will probably be occasionally confused by references to “bulls” and “bears”. These terms are common parlance in trading situations, and can be heard or read in any market analysis if you stay tuned long enough. They are not references to sports teams, nor to a traveling zoo visiting a trading floor, but rather to styles of market.
A “bull” market is, in short, a market on the rise. It is characterised by a great deal of investor confidence, which can carry on for an indefinite period of time. When a currency breaks its resistance level, it is expected to continue rising, to move with a singularity of purpose. This is much like the way a bull is characterised. Additionally, it triggers herd behavior, as more and more investors will join in and invest more. The term “bull market” is therefore a good definition of a market behaving confidently.
“Bear” markets, on the other hand, are the exact opposite of bulls. Where prices fall and the investor mood is negative, the support level may be broken and the price will continue to fall. The most common explanation for the terminology here is that when a bear attacks its prey, it tends to do so by striking downwards. For a true bear market to be declared, a majority of currencies need to fall, however a single currency can be described as behaving “bearishly”.
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Trump posted repeatedly on social media about Indiana, naming individual senators and threatening primary challengers against anyone who voted no, while Vice President JD Vance went twice to Indiana to meet with lawmakers.
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Trump’s political allies tried to turn Indiana’s vote into a loyalty test, mobilizing supporters to pressure holdout Republicans. The Club for Growth and a new group led by a handful of Trump presidential campaign veterans aired ads threatening to oust incumbent senators who voted against redistricting. Turning Point USA, the group founded by Charlie Kirk, vowed to back those primary challenges and hosted a small rally at the Indiana Statehouse last week.
Much of Trump’s ire was focused on Senate President Pro Tem Rodric Bray, the Martinsville Republican who had long insisted the Senate didn’t have enough votes to pass new maps. Bray announced after the vote failed that under Indiana Senate rules, the chamber can’t take up the maps again during its 2026 session.
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Leising said she had voted for Trump three times. But she was unhappy with the president’s efforts to pressure Indiana into scrapping and replacing its congressional maps as part of a nationwide arms race ahead of next year’s midterm elections.
“I wish that President Trump would change his tone. He needs to be more positive about what he needs to address for ’27 and ’28. Why does he need to have a Republican majority in ’27 and ’28? What is he going to do next?” Leising said.
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She also said redistricting advocates’ efforts ultimately backfired, hardening opposition in the Senate.
“You wouldn’t change minds by being mean. And the efforts were mean-spirited from the get-go,” she said. “If you were wanting to change votes, you would probably try to explain why we should be doing this, in a positive way. That never happened, so, you know, I think they get what they get.”
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Jean Leising spoke at a breakfast this fall at her 8th grade grandson’s school. Hours later, when she was set to give him a ride home from basketball practice, he bashfully told her that his entire team had received text messages about her that day — “and they were all bad.”
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Recounting the moment to CNN shortly after she joined 20 other Republican state senators in rejecting President Donald Trump’s redistricting push, Leising said she laughed the moment off with her grandson — but that it ultimately led to her opposing the president.
“Boy, when I got home that night, that’s when I decided,” said Leising, a 76-year-old grandmother of eight, first elected to the Senate in 1988. “I was angry. So the next day, I said, ‘I’ve got to talk about this.’ Because this is over the top. This shouldn’t be the way it was.”
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“But that was the beginning,” she added. “It only got worse from there.”
It was clear on Thursday that a pressure campaign waged by the White House and its allies had backfired. A state that Trump won by nearly 20 points in 2024 gave him a massive political black eye, rejecting a push to create two more GOP-friendly US House seats that could have helped Republicans retain the House majority in next year’s midterms.
Several Republican senators noted on Thursday that constituents opposed a mid-decade redrawing of US House maps and that they questioned the wisdom or the precedent of joining the national redistricting battle. But a number of Republicans, including people who voted for the president three elections in a row, also gave deeply personal reasons over the last several weeks.
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Sen. Mike Bohacek has a daughter with Down syndrome. He was offended by Trump’s use of a slur for people with disabilities, in a Truth Social post deriding Minnesota Gov. Tim Walz, and said that Trump’s “choices of words have consequences.”
Sen. Greg Walker, who represents former Vice President Mike Pence’s hometown of Columbus, said he was among the senators targeted by swatting attempts in the weeks leading up to Thursday’s vote. While law enforcement has not publicly linked the swatting or other threats to a political motive, Walker said he felt voting yes would reward wrongdoing and set a dangerous precedent.
Sen. Greg Goode, whose town hall in Terre Haute this fall revealed massive public opposition to mid-decade redistricting, said the new maps would splinter communities with similar interests. He also criticized “over-the-top pressure from inside the Statehouse and outside,” as well as “threats of violence, acts of violence.”
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