It seems that one of the favorite questions Muslims like to ask about anything seems to be “Is it Halal?” When investing, there are two types of animals that you need to be aware of. Not to eat, but to understand what these two animals represent. Inevitably we expect a comment below asking if they are permissible to eat, but that’s for another site.
Yearly in Pamplona, Spain there is a festival in which bulls are released into the streets to transport them from the off-site corrals where they are kept. The bulls used in this festival are also those that are used later in the day in the afternoon bullfight. While in the streets, young men jump in front of the bulls to prove their bravado. The Bulls lunge at the participants, thrusting its horns upward trying to toss the target into the air. A “Bull Market” is one that spikes upward, the bull being a metaphor for where the market is headed. So when the market trends upward, it’s a Bull Market.
Bull markets can be very profitable, with more investors entering the market to trade because of the upward trend. Continue reading