Editing Market trend (section)

===Bull market===<!-- This section is linked from Bull -->
[[File:Wall Street bubbles - Always the same - Keppler 1901.jpg|thumb|right|A 1901 cartoon depicting financier [[J. P. Morgan]] as a bull with eager investors]]
{{see_also|Bull (stock market speculator)}}
A bull market is a period of generally rising prices. The start of a bull market is marked by widespread [[pessimism]]. This point is when the "crowd" is the most "bearish".<ref>{{cite book | url=https://books.google.com/books?id=MW_FmuvcneEC&pg=PT222 | title=Winning on Wall Street | first=Martin | last=Zweig | author-link=Martin Zweig | publisher=[[Grand Central Publishing]] | date=June 27, 2009| isbn=9780446561686 }}</ref> The feeling of despondency changes to hope, "optimism", and eventually euphoria as the bull runs its course.<ref>[http://www.minyanville.com/business-news/markets/articles/The-6-Stages-of-Bull-Markets/4/1/2013/id/48996 The 6 Stages Of Bull Markets – And Where We Are Right Now | Markets | Minyanville's Wall Street] {{Webarchive|url=https://web.archive.org/web/20190507144545/http://www.minyanville.com/business-news/markets/articles/The-6-Stages-of-Bull-Markets/4/1/2013/id/48996 |date=2019-05-07 }} [[Minyanville]]</ref> This often leads the economic cycle, for example, in a full [[recession]], or earlier.

Generally, bull markets begin when stocks rise 20% from their low and end when stocks  experience a 20% drawdown.<ref>{{Cite web|url=https://www.investopedia.com/terms/b/bullmarket.asp|title=Bull Market Definition|last=Chen|first=James|website=Investopedia|language=en|access-date=2020-03-26}}</ref> However, some analysts suggest a bull market cannot happen within a bear market.<ref>{{Cite web|url=https://www.marketwatch.com/story/the-dow-just-entered-a-bull-market-by-some-measures-but-it-sure-doesnt-feel-bullish-on-wall-street-2020-03-26|title=Does the Dow's 21% surge in 3 days put it back in a bull market? 'The market doesn't work that way,' says one researcher|last=DeCambre|first=Mark|website=MarketWatch|language=en-US|access-date=2020-03-27}}</ref>

An analysis of [[Morningstar, Inc.]] stock market data from 1926 to 2014 revealed that, on average, a typical bull market lasted 8.5 years with a cumulative total return averaging 458%. Additionally, annualized gains for bull markets ranged from 14.9% to 34.1%.

====Examples====
:India's [[Bombay Stock Exchange]] Index, [[BSE SENSEX]], experienced a major bull market trend from April 2003 to January 2008. It increased from 2,900 points to 21,000 points, representing a more than 600% return in 5 years.<ref name=BSE-history>{{Cite web |title= Historical Data |url=https://www.bseindia.com/Indices/IndexArchiveData.html |website=BSE India |access-date=22 June 2023}}</ref>
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:Notable bull markets characterized the 1925–1929, 1953–1957, and 1993–1997 periods when the U.S. and many other stock markets experienced significant growth. While the first period ended abruptly with the start of the [[Great Depression]], the end of the later time periods were mostly periods of [[Soft landing (economics)|soft landing]], which became large bear markets. (see: [[Recession of 1960–61]] and the [[dot-com bubble]] in 2000–2001)