townhall.com - Investing for Idiots: Bear Markets are Good!

Everybody loves a bull market. A bull market is defined as a period of time during which major market indexes, like the Dow Jones Industrials, the S&P 500, and the NASDAQ Composite, along with the general mass of stocks, trend upward. Quite simply, that means that during a bull market stock prices generally go higher, and with them so go the values of 401(k), IRA, and other investment portfolios. Bull markets makes for great press and provide consumers with confidence thanks to the psychological “wealth effect” of higher stock prices. No doubt about it, bull markets are good! Read the full article here.