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Bull
vs. B
ear
•Bull Market:
When b
usin
esses, on the
whole
, are
doin
g w
ell.
•Bear Market:
When b
usin
esses a
ren’t
doin
g s
o w
ell.
Busin
esses
•Sole Proprietorship
1 owner
•Partnersh
ip
2 owners or more (not inco
rporated)
•Corp
oration
–sp
lit into ‘shares’(also ‘stock
s’or ‘securities’)
–Gen
eral Electric? -
10.56 Billion shares.
Securities
•‘S
tocks’or
‘Share
s’of a c
om
pany.
•T
hey flu
ctu
ate
in v
alu
e.
Stock
s
•S
tock p
rices a
re d
ete
rmin
ed b
y w
hat a
busin
ess is w
ort
h +
how
well
it d
oes.
Stock
s
•S
tock p
rices a
re d
ete
rmin
ed b
y w
hat a
business is worth
+ h
ow
well
it d
oes.
Bala
nce
Bala
nce
Sheet
Sheet
Stock
s
•S
tock p
rices a
re d
ete
rmin
ed b
y w
hat a
busin
ess is w
ort
h +
how well it does.
Incom
eIn
com
e
Sta
tem
ent
Sta
tem
ent
In rea
lity….
•S
tock p
rices a
re b
ased o
n w
hat a
com
pany is w
ort
h +
how
it does +
how
it is
expected
to d
o..
The ‘Stock
Market’
The Stock
Markets
(Stock
Exch
anges)
NYSE
(New
York
Sto
ck E
xchange)
(Wall
Str
eet)
TSX
(Toro
nto
Sto
ck E
xchange)
(Bay S
treet)
You c
an s
ell
at one m
ark
et or
many)
.
Can I buy some?
•If y
ou h
ave m
oney, you can b
uy s
hare
s o
f
these c
om
panie
s.
•If y
ou s
ell
them
once the p
rice r
ises)
you
keep the p
rofit)
Stock
Symbols
•S
tock e
xchanges u
sually
lis
t sto
cks u
sin
g
two, th
ree, or
four
dig
it s
ym
bols
.
Googlin
g‘A
pple
Sto
ck’
What’s a
ll th
is info
rmation
?
More Inform
ation…
Exercise…
•C
hoose ten c
om
panie
s that in
tere
st you)
•C
reate
a c
hart
, sim
ilar
to the o
ne b
elo
w)
Company
SymbolMarketPrice
Recent News
1A
pple
In
c.
AA
PL
NA
SD
AQ
634
.76
App
le is in
vo
lve
d in
pa
tent
dis
pute
s w
ith
Sa
msu
ng
.
2 3 4 5 6 7 8 9
10