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Article: THE TERM `BULL MARKET' DOESN'T MEAN MUCH.(Business)(PERSONAL FINANCE)
- Article from:
- Seattle Post-Intelligencer
- Article date:
- November 2, 2002
CopyrightCOPYRIGHT 2002 Seattle Post-Intelligencer. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: CHET CURRIERCOLUMNIST
TO PUT THIS DISMAL year for stocks in a little better light, think about the three bull markets we've had, or almost had.
"Oh? What bull markets are those?" you may wonder, eyeing the atrophied numbers in your latest investment statement. So glad you asked. Let us look at the September 2001-April 2002 bull market, followed by the July-August bull market and the October near miss that soon may become a bull market too.
I'm defining bull market by the simplest rule of thumb - a period in which a broad market index rises at least 20 percent. Similarly, a bear market is any decline of 20 percent or more. The ...