A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

Recent entries:
“A man is washing the car with his son. The son asks, ‘Dad, can’t you just use a sponge?‘“ (6/23)
“Don’t waste a moment of your life trying to be normal” (6/23)
“Dance like no one is watching. Because they are not. They’re checking their phones” (6/23)
“Dance like no one is watching. Because they are not. They’re checking their phones” (6/23)
Entry forthcoming—B.P. (6/23)
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Entry from May 13, 2013
“There are no bears living on Park Avenue”

"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.

Posted by Barry Popik
New York CityBanking/Finance/Insurance • Monday, May 13, 2013 • Permalink