“There are no bears living on Park Avenue” means that the wealthy people who live on Park Avenue are not stock market pessimists (“bears”) who believe that their wealth will soon disappear. “There are no bears living on Park Avenue” has been cited in print since at least 1971.
The saying is sometimes credited to American financier Bernard Baruch (1870-1965), but there is no printed documentary evidence to confirm this.
Google News Archive
6 February 1971, Ellensburg (WA) Daily Record, “Stock Market,” pg. 6, col. 3:
It has often been said, “There are no bears living on Park Avenue;” and so history tends to be on the side of the bull.
Billings (MT) Gazette
Investment pro upbeat about markets
November 04, 2003 11:00 pm • JAN FALSTAD Of The Gazette Staff
(...)
He quoted a famous investment saying: “There are no bears living on Park Avenue.”
Google Books
The Citizen Investor
By Phil Dow with Paul B Brown
Minneapolis, MN: RBC Dain Rauscher, Inc.
2004
Pg. 201:
I’m reminded of presidential economic advisor Bernard Baruch’s comments. He said: “There are no bears living on Park Avenue.”
Advisor Perspectives
Letters to the Editor: The Road to Zimbabwe
June 30, 2009
(...)
This inescapable human condition supports the assertion of Bernard Baruch who said, “There are no bears on Park Avenue.”
CNBC
Subtle Signs Show Wealthy Are Worried
Published: Monday, 18 Jun 2012 | 9:58 AM ET
By: Robert Frank
CNBC Reporter & Editor
(...)
“Despite the old saying that ‘There are no bears on Park Avenue’, there does appear to be a distinct chill in the air when it comes to the mood” of the financial elite, said Colas.
Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006. Now a Popeyes fast food restaurant on Google Maps.
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•“I study old buildings because I would rather learn from those who built civilization than those who tore it down” (4/18)
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More new entries...
Above, Big Apple Corner at 54th Street and Broadway in Manhattan. Google Maps. Stolen and missing, 2021-2024.
Above, John J. Fitz Gerald, from the Aug. 15, 1931, Binghamton (NY) Press, pg. 14.
Listen to Robert Emmerich introduce "The Big Apple," a hit song from 1937. Music written by Bob and performed by Tommy Dorsey's Clambake Seven with Bob on piano. Lyrics written by Buddy Bernier and sung by Edythe Wright. Audio provided by Dorothy Emmerich.
Also listen to a 1937 "The Big Apple" song by Ozzie Nelson and his Orchestra. See a 1929 photo of John J. Fitz Gerald and a 1931 photo of John J. Fitz Gerald.
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