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A bear market. A easy way to remember is thinking about an attacking bear using his claws. The claws would drag downwards. A bull market is the opposite as the bull will throw his head and horns upwards.

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When stock prices in general are falling (not just the price of some specific stock) that is called a bear market; in comparison, when stock prices in general are rising, that is called a bull market. When a bull attacks, it does so with a rising motion of its horns, and when a bear attacks, it slashes downward with its claws. That is why a bull symbolizes upward motion and a bear symbolizes downward motion. Even stock brokers are sometimes capable of humor.

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