Editing Market trend (section)

===Market bottom===
A market bottom marks a trend reversal, signifying the end of a market downturn and the commencement of an upward-moving trend (bull market).

Identifying a market bottom, often referred to as 'bottom picking,' is a challenging task, as it's difficult to recognize before it passes. The upturn following a decline may be short-lived, and prices might resume their descent, resulting in a loss for the investor who purchased stocks during a misperceived or 'false' market bottom.

[[Nathan Rothschild, 1st Baron Rothschild|Baron Rothschild]] is often quoted as advising that the best time to buy is when there is 'blood in the streets'—that is, when the markets have fallen drastically and investor sentiment is extremely negative.<ref>{{Cite web | url=https://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp | title=Contrarian Investing: Buy When There's Blood in the Streets | publisher=[[Investopedia]]}}</ref>

====Examples====
[[File:The Battles of Bulls and Bears (Harper's Weekly, September 10, 1864).jpg|thumb|The Battle of the Bulls and Bears (''Harper's Weekly'', September 10, 1864)]]
Some more examples of market bottoms, in terms of the closing values of the [[Dow Jones Industrial Average]] (DJIA) include:
*The Dow Jones Industrial Average hit a bottom at 1,738.74 on October 19, 1987, following a decline from 2,722.41 on August 25, 1987. This day is commonly referred to as Black Monday (chart<ref>{{Cite web|url=https://stockcharts.com/h-sc/ui?s=$INDU&p=D&st=1987-08-01&en=1987-12-31&id=p95907824619|title=$INDU – Dow Jones Industrial Average|website=stockcharts.com|accessdate=Mar 17, 2023}}</ref>).
* A bottom of 7,286.27 was reached on the DJIA on October 9, 2002, following a decline from 11,722.98 on January 14, 2000. This decline included an intermediate bottom of 8,235.81 on September 21, 2001 (a 14% change from September 10), leading to an intermediate top of 10,635.25 on March 19, 2002 (chart<ref>{{Cite web|url=https://stockcharts.com/h-sc/ui?s=$INDU&p=D&st=2000-01-01&en=2002-12-31&id=p94927308656|title=$INDU – Dow Jones Industrial Average|website=stockcharts.com|accessdate=Mar 17, 2023}}</ref>). Meanwhile, the "tech-heavy" Nasdaq experienced a more precipitous fall, declining 79% from its peak of 5,132 on March 10, 2000, to its bottom of 1,108 on October 10, 2002.
*A bottom of 6,440.08 (DJIA) on 9 March 2009 was reached after a decline associated with the [[subprime mortgage crisis]] starting at 14164.41 on 9 October 2007 (chart<ref>{{cite web | url=https://stockcharts.com/h-sc/ui?s=$INDU&p=D&st=2007-06-01&en=2009-05-17&id=p70946023540 | title=$INDU – SharpCharts Workbench | publisher=StockCharts.com}}</ref>).