A speculator in the stock exchange market who sells securities in anticipation of a fall in their prices

A speculator in the stock exchange market who sells securities in anticipation of a fall in their prices is called a "bear". The term "bear" is used to describe someone who believes that the market or a particular stock is going to go down in price, and who takes action to profit from that belief by selling their securities. For example, if a person thinks that a particular company's stock is overvalued and due for a correction, they may sell their shares in that company in the hope of buying them back at a lower price later on. This would be considered a bearish position. The opposite of a bear is a "bull", which describes someone who believes that the market or a particular stock is going to go up in price, and who takes action to profit from that belief by buying securities. A "stag" is someone who buys shares in an IPO (Initial Public Offering) with the intention of selling them immediately after the stock starts trading in the secondary market, hoping to make a quick profit. And a "broker" is a person or a company that acts as an intermediary between buyers and sellers of securities.