Dow Jones achieved its highest closing at 12,163.66 points on October 26, 2006. Like other stock market indices, the Dow also goes through the up and down and stagnation phases. During the rising period it is termed as the bull period, while on a decline it is termed as the bear period. The Wall Street usually considers a bear market in session when the Stock market is on an all time low of 20 per cent.
The bull market is defined as two types. A secular bull market session is the period when the stock market index is regularly touching all-time highs with only few sessions of correction. A cyclical bull market is the phase in which the market index is touching a total of 52-week high or multi-year highs and may touch the all time high period before falling rapidly.
The bull market is defined as two types. A secular bull market session is the period when the stock market index is regularly touching all-time highs with only few sessions of correction. A cyclical bull market is the phase in which the market index is touching a total of 52-week high or multi-year highs and may touch the all time high period before falling rapidly.