Harry 
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when are we in a bull or bear Market it's not always clearcut but according to the Dow Theory a market is considered bullish if prices have risen by at least 20% conversely if prices drop by 20% or more we're in a bare Market second how long do these markets last this varies but broadly speaking markets that last longer than 5 years are called secular markets while those that last for shorter periods are known as cyclical markets third why are they called Bull and bare markets the origin of these terms are debated but one theory is that they relate to how the animals attack Bulls thrust their horns upward symbolizing Rising prices while Bears swipe their paws downward indicating falling prices.
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