A bull market is a financial market of a group of securities (assets), in which prices are rising or are expected to rise. The term "bull market" is most often used to refer to the stock market, but can be applied to anything that is traded, such as bonds, currencies and commodities. The sentiment in a “bull market” is usually positive.
A market condition in which the prices of securities are falling, and widespread pessimism causes the negative sentiment to be self-sustaining. As investors anticipate losses in a bear market and selling continues, pessimism only grows.
A firm or an individual which acts as an intermediary between a buyer and a seller usually charging some kind of commission for his service. A license is required for security and other reasons.
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