In finance, the futures market is a centralized auction marketplace for buyers and sellers from around the world where they enter into a legal agreement to buy or sell something at a predetermined price and at a specified time in the future. The world’s first futures exchange started in 1848. A Bull market is up because the animal raises it head and horns to attack. Conversely, a Bear market is down as the method of swinging arms and claws to punish foes. Chicago’s sports teams are offshoots of these exchange symbols, Cubs, Bears, and Bulls.
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