What are bear and bull markets?
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Bear market: A bear market is characterized by a prolonged period of declining stock prices, typically a decline of 20% or more from recent highs. It is often accompanied by pessimism, widespread selling, and a general feeling of distrust in the economy.
Bull market: A bull market is characterized by a prolonged period of rising stock prices, typically a rise of 20% or more from recent lows. It is often accompanied by optimism, widespread buying, and a general feeling of confidence in the economy.