Explanation : The bull market is defined as a marketplace, where in the prices of the securities go up or are anticipated to go up, over the period. This type of market encourages buying, as the conditions are favourable. A financial market which is characterised by a consistent fall in the prices of securities is called a bear market. In this market, pessimism is prevalent, and the investors take a short position, i.e. due to the anticipation of loss by holding them, securities are sold by the investors. ....Read more