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什么是熊市(Bear Market)?

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Bear market confirmed as U.S. stocks' 2022 descent deepens

NEW YORK, June 13 (Reuters) - The U.S. stock market's brutal 什么是熊市(Bear Market)? year reached a grim milestone as the S&P 500's slide on Monday confirmed a bear market for the first time since March 2020, 什么是熊市(Bear Market)? fueled by worries over sky-high inflation, a hawkish Federal Reserve and future 什么是熊市(Bear Market)? 什么是熊市(Bear Market)? economic growth.

With a 3.9% drop on Monday, the benchmark S&P 什么是熊市(Bear Market)? 500 (.SPX) index ended 21.8% below its Jan. 3 record closing high. By falling at least 20% from its peak, the index confirmed a bear market, under a common definition used by market watchers.什么是熊市(Bear Market)?

If history is any guide, a bear market would mean more pain 什么是熊市(Bear Market)? could be in store for investors. The S&P 500 has fallen by an average of 32.7% in 13 bear markets since 1946, including 什么是熊市(Bear Market)? a nearly 57% drop during the 2007-2009 bear market during the financial crisis, according to Sam Stovall, chief investment strategist at CFRA.

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It has taken a little over a year on average for the index to reach its bottom 什么是熊市(Bear Market)? during bear markets, and then roughly another two years to return to its prior high, according to CFRA. Of the 13 bear markets since 1946, the return to breakeven levels has varied, taking as little as three months to as long as 69 months.

The S&P 500 surged some 114% from its March 2020 low as stocks benefited from emergency policies put in place to help stabilize the economy in the wake of the COVID-19 pandemic.

Those gains went into reverse at the 什么是熊市(Bear Market)? start of 2022 as the Fed grew far more hawkish and signaled 什么是熊市(Bear Market)? it would tighten monetary policy at a faster-than-expected clip to fight surging inflation. It has already raised rates by 75 basis points this year and expectations of more hikes ahead, including at this week's Fed 什么是熊市(Bear Market)? meeting, have weighed on stocks and bonds.

Fed Chairman Jerome Powell has vowed to raise rates as high as needed to kill inflation 什么是熊市(Bear Market)? but also believes policymakers can guide the economy to a so-called soft 什么是熊市(Bear Market)? 什么是熊市(Bear Market)? landing. Adding to the volatility this year has been the war in Ukraine, which has caused a further spike in oil and other commodity prices.

After the S&P 500 nearly confirmed a bear market last month, the market rallied back, amid some hopes the Fed could slow its rate-hike pace later this year.

But Wall Street last week posted its 什么是熊市(Bear Market)? 什么是熊市(Bear Market)? biggest weekly decline since January, with the latest blow to stocks coming on Friday, when data showed U.S. consumer prices accelerated in May as gasoline prices hit a record high and the cost of food soared, leading to the largest annual increase in nearly 40-1/2 years. read 什么是熊市(Bear Market)? more

A few areas of the stock market have been spared. Energy shares have soared this year, along with oil prices, while defensive groups such as utilities have held up better than broader markets.

On 什么是熊市(Bear Market)? the flip side, shares of technology and other high-growth companies have been hit hard. Those stocks - high fliers during much of the bull market over the past decade - are particularly sensitive to higher yields, which dull the allure of companies whose cash flows are weighted 什么是熊市(Bear Market)? more in the future and diminished when discounted at higher rates.

Some of the biggest of these companies, such as Tesla (TSLA.O) and 什么是熊市(Bear Market)? Facebook owner Meta Platforms (META.O), are also heavily weighted in the 什么是熊市(Bear Market)? S&P 500 index.

Investors have looked at various metrics to determine when markets will turn higher, including the Cboe Volatility Index (.VIX), also 什么是熊市(Bear Market)? known as Wall Street’s fear gauge. While the index is elevated compared with its long-term median, it is still below peaks reached in previous major sell-offs.

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Reporting by 什么是熊市(Bear Market)? 什么是熊市(Bear Market)? Lewis Krauskopf; additional reporting by Saqib Iqbal Ahmed, editing by Megan Davies, Nick Zieminski and Marguerita Choy

第288期:股票熊市为什么叫bear market?

When
a bull attacks, it lowers its head, and uses its horns to thrust its
opponent up in the air. Hence, a bull market comes out of the market
having 什么是熊市(Bear Market)? been low, and then rapidly climbing.

On the other hand, when a 什么是熊市(Bear Market)? bear attacks, it swipes its massive paws
down, bearing down (ha, pun) 什么是熊市(Bear Market)? on its opponent with full force. Therefore,
it makes sense that a bear market is one that plummets.

2. Bear and Bull Baiting 斗熊、斗牛活动

Arenas
full of people would sit back and watch either a bull or 什么是熊市(Bear Market)? 什么是熊市(Bear Market)? bear be
chained in the middle of a ring, and then attacked by a pack of dogs.
This practice began as early as the late 1500s, and wasn’t banned in
England until 1835.


3. Bulletin Board at The London Stock Exchange

这个说法认为bull和bear这两种说法来自17世纪建立的伦敦证券交易市场。当时的交易员要把买单写在纸上贴在一个公告板(bulletin board)上,人们之间叫白了就把bulletin说成了bull. 如果bulletin board上买单纸片空了, 英语叫bare(空的,光秃秃的),后来也叫白了,就成了bear.

Bearish是个形容词,意思就是“熊市的、看跌的”。showing or expecting a fall in the prices of shares.

Bullish的意思跟bearish正相反,就像bull market相对于bear market一样。

If you had sold when everyone was crazy bullish, and bought when everyone was crazy bearish, you would not have done badly over the years.

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What is a "bear market" and how long might it take to recover?

MINNEAPOLIS -- On Monday, the S&P 500 tumbled to 3,750, putting it firmly into a bear market. It's not an official stock market term, but more of an arbitrary marker as investors worry about the future.

So, what is a bear market? Good Question.

"A bear market basically means a mad market," says Murray Frank, a professor of finance at the Carlson School of Management. "It means the market fell 20% or more from a recent high."

A bear market happens every three to four years, on 什么是熊市(Bear Market)? average. There have been about a dozen since the end of World War II.

The last one was early 2020 -- at the start of coronavirus pandemic – and was relatively short-lived. It lasted only 33 days. A bear market that occurred during the 2008 financial crisis was a year and half. The bear market during the 2000 dot-com bubble burst went two and a half years .

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Frank says the average bear market lasts about 9 months, but it takes much longer to recover what was lost.

"If the next years are average, 什么是熊市(Bear Market)? you're probably looking at 3 to 4 years out to get back," he says. "But that's not a guarantee, that's a long-term average."

Bear markets aren't always followed by a recession, but it's happened about 75% of the time.

In the average bear market, stocks lost about 35 of their value.

"Right now, last I looked, it was 21%," says Frank. "If this were an 什么是熊市(Bear Market)? average bear market, we still have a ways to go before we hit bottom."

Heather Brown loves to put her curiosity to work to 什么是熊市(Bear Market)? answer your Good Questions on WCCO 4 News at 10, and helps you kick your weekdays off on WCCO This Morning and WCCO Mid-Morning.