Bull vs. Bear Markets

What bull and bear markets are, how they are measured, what a long real bull market and a real bear market looked like, and how to act in each.

Two animals, two directions

A bull market is a long period of rising prices. A bear market is a significant decline. The common definition: a bear market begins when a major index closes 20% or more below its previous high. A bull market is often dated from the bear market’s low, and it is confirmed once prices rise 20% or more from that low.

Rules of thumb for how far a market has fallen from its high.

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