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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The preplanned episode led with correspondent Sharyn Alfonsi’s story — the one that Weiss stopped from airing in the US because she said it was “not ready.”
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Several Canadian viewers shared clips and summaries of the story on social media, and within hours, the videos went viral on platforms like Reddit and Bluesky.
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The Free Press’ Honestly with Bari Weiss (pictured) hosts Senator Ted Cruz presented by Uber and X on January 18, 2025 in Washington, DC.
Inside the Bari Weiss decision that led to a ‘60 Minutes’ crisis
Progressive Substack writers and commentators blasted out the clips and urged people to share them. “This could wind up being the most-watched newsmagazine segment in television history,” the high-profile Trump antagonist George Conway commented on X.
A CBS News spokesperson had no immediate comment on the astonishing turn of events.
Alfonsi’s report was weeks in the making. Weiss screened it for the first time last Thursday night. The story was finalized on Friday, according to CBS sources, and was announced in a press release that same day.
On Saturday morning, Weiss began to change her mind about the story and raised concerns about its content, including the lack of responses from the relevant Trump administration officials.
But networks like CBS sometimes deliver taped programming to affiliates like Global TV ahead of time. That appears to be what happened in this case: The Friday version of the “60 Minutes” episode is what streamed to Canadian viewers.
The inadvertent Canadian stream is “the best thing that could have happened,” a CBS source told CNN on Monday evening, arguing that the Alfonsi piece is “excellent” and should have been televised as intended.
People close to Weiss have argued that the piece was imbalanced, however, because it did not include interviews with Trump officials.
Weiss told staffers on Monday, “We need to be able to get the principals on the record and on camera.” However, in an earlier memo to colleagues, Alfonsi asserted that her team tried, and their “refusal to be interviewed” was “a tactical maneuver designed to kill the story.”
At the end of the segment that streamed on Global TV’s platform, Alfonsi said Homeland Security “declined our request for an interview and referred all questions about CECOT to El Salvador. The government there did not respond to our request.”
The segment included sound bites from President Trump and Homeland Security Secretary Kristi Noem. But it was clearly meant to be a story about Venezuelan men deported to El Salvador, not about the officials who implemented Trump’s mass deportation policy.
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