A bull market is a market condition in which stock prices are rising. It is typically defined as a rise of 20% or more in a stock market index over at least a two-month period.

Here are some of the key characteristics of a bull market:

• Stock prices are rising. This is the most obvious sign of a bull market.
• Investor sentiment is positive. Investors are optimistic about the future and are willing to buy stocks.
• Economic growth is strong. A strong economy is a good environment for businesses to grow and make profits, which can lead to rising stock prices.
• Interest rates are low. Low interest rates make it cheaper for businesses to borrow money, which can also lead to rising stock prices.

Bull markets can last for months or even years. The longest bull market in history lasted for 9 years, from 1990 to 2000.

There are a number of factors that can lead to a bull market, including:

• Strong economic growth. When the economy is growing, businesses are doing well and making profits. This can lead to rising stock prices.
• Low interest rates. When interest rates are low, it is cheaper for businesses to borrow money. This can lead to more investment and economic growth, which can also lead to rising stock prices.
• Investor confidence. When investors are confident about the future, they are more likely to buy stocks. This can lead to rising stock prices.

Bull markets can be a great time to invest in stocks. However, it is important to remember that bull markets do not last forever. Eventually, the market will turn and prices will start to fall. This is when it is important to take profits and protect your investments.

Some characteristics of a bull market are:

• An increase of 20% or more in a major stock market index, such as the Dow Jones Industrial Average or the S&P 500, from its recent low³
• A duration of at least two months, typically lasting for several years or longer
• A strong or expanding economy, indicated by high employment, high disposable income, high productivity, and high business profits
• A positive market sentiment, indicated by confidence, enthusiasm, and optimism among investors and consumers

Some examples of bull markets are:

• The Roaring Twenties: From 1921 to 1929, the U.S. stock market rose by about 500% due to the rapid industrialization and innovation of the economy and the consumer culture
• The Post-War Boom: From 1949 to 1966, the U.S. stock market rose by about 500% due to the economic recovery and prosperity after World War II and the Cold War2
• The Dot-com Boom: From 1995 to 2000, the U.S. stock market rose by about 400% due to the emergence and growth of the internet and technology sectors¹