Bear Market
A long stretch when prices in a broad market are falling and pessimism is high. It is often defined as a drop of 20% or more from a recent high.
An index slides from 5,000 to 4,000 over nine months, a 20% decline from its peak, which officially counts as a bear market.
The flip side of Day 1. A long, broad slide, not one bad week.
When everything is going down and no one feels good.
A market in a long, broad downtrend.
All 4 slides, still.
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A Random Walk Down Wall Street
by Burton G. Malkiel
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