bear tack


bear tack
(BAYR tak)
n.
A downward movement in the value of a stock, sector, or the market as a whole; a general sentiment that assumes a stock, sector, or the market will go down over the short or medium term.
Example Citation:
Technology, media and telecoms companies were back on the bear tack today after a profit warning from BATM Advanced Communications and another heavy fall for the hi-tech Nasdaq market in the US.
— Michael Clark, "Nasdaq's dive gives the TMTs new grief," The Evening Standard, December 7, 2000
Earliest Citation:
The market may not be going into a bear tack, but it is in a value-for-money phase.
— Hamish McRae, "Financial Notebook," The Guardian, June 26, 1985
Notes:
As often happens with stock-related terms, this phrase kept getting older the more I researched it. I eventually traced it back to 1985, which makes it much older than the usual Word Spy fare, but what the heck, it's summer.
Related Words: Category:

New words. 2013.

Look at other dictionaries:

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  • tack — I (New American Roget s College Thesaurus) n. thumbtack, carpet tack, etc.; nail; change of course, yaw, veer; route, course, path; food, fare. v. change course or direction; yaw; zigzag; baste. See connection, direction, deviation. II (Roget s… …   English dictionary for students

  • bear off — Synonyms and related words: about ship, angle, angle off, avert, back and fill, bear away, bear to starboard, beat, beat about, bend, bias, box off, branch off, break, bring about, bring round, cant, cant round, cast, cast about, change course,… …   Moby Thesaurus

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