Definition of MODAL. 1. : of or relating to modality in logic. 2. : containing provisions as to the mode of procedure or the manner of taking effect âused of a contract or legacy. 3. : of or relating to a musical mode. 4. : of or relating to structure as opposed to substance. 5.
Pessimism is a temperamental trait, whereas depression is a clinical disease. In some instances, both pessimism and depression might be present, and it might be possible that a consistently negative attitude could lead to depression.
An investor who believes that a particular security or market is headed downward. Bears attempt to profit from a decline in prices. Bears are generally pessimistic about the state of a given market.