These bear-baiting events flourished as popular spectacles in 19th century California. Bloody fights that pitted bears against bulls often inspired betting as to whether the bear or the bull would win. One persistently popular, but false phrase origin story related to these fights stems from famous 19th-century newspaperman Horace Greeley. While visiting California Greeley allegedly witnessed such a fight, and supposedly gave the modern stock market its "bear" and "bull" nicknames based on the fighting styles of the two animals: the bear swipes downward while the bull hooks upward. In truth, the phrase’s origins predate Greeley's 1859 journey to California by at least 100 years, but the myth of the California connection persists.