The speculator in the stock exchange market who sells securities in anticipation of a fall in price is called a

A speculator in the stock exchange market who sells securities in anticipation of a fall in price is called a "bear." The term "bear" is used to describe someone who is pessimistic about the market and expects prices to decline. Bears typically sell stocks or other securities in the hope of buying them back at a lower price and making a profit. In contrast, a "bull" is a speculator who buys securities in anticipation of an increase in price. The terms "bull" and "bear" are commonly used in financial markets to describe the overall sentiment or trend of the market.