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Bear market |
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Bear marketAny market in which prices exhibit a declining trend. For a prolonged period, usually falling by 20% or more.Bear marketA market in which sellers outnumber buyers and where the trend of share prices is consequently a falling one.The UK's longest running bear market lasted from 1972-1974. From a height of 530 points in 1972 the FT 30 Index fell consistently for more than two years, only reversing its downward trend at the start of 1975. It took almost five years - until the middle of 1977 - before it regained its mid-1972 level.Recent bear markets in the UK have not lasted so long. After Black Monday in October 1987, the FTSE 100 took until July 1989 to regain its pre-crash high of 2,250 points.Similar MatchesLocked marketLocked marketA market is locked if the bid price equals the ask price. This can occur, for example, if the market is brokered and one side pays brokerage only, in over-the-counter trading the initiator of the transaction. Highly competitive market environment with inside bid and offering at the same price. Often occurs when an OTC dealer has not updated the market. Securities marketsSecurities marketsOrganized exchanges plus over-the-counter markets in which securities are traded. National Market SystemNational Market SystemA US national market system was mandated by the Securities Act Amendments of 1975, the most important federal securities legislation since the 1930s. At the heart of the national market is the ITS, which began operation in 1978. Nine markets - the American, Boston, Cincinnati, Chicago, New York, Pacific, and Philadelphia and NASD over-the-counter market - are linked electronically by ITS computers. This allows traders at any exchange to seek the best available price on all other exchanges that a particular security is eligible to trade on. The national market system also includes a consolidated electronic tape, which combines last-sale prices from all markets into a single stream of information. Foreign exchange marketForeign exchange marketLargely banks that serve firms and consumers who may wish to buy or sell various currencies. Perfect market view (of dividend policy)Perfect market view (of dividend policy)Analysis of a decision on dividend policy, in a perfect capital market environment, that shows the irrelevance of dividend policy. Further SuggestionsIntermarket Trading System (ITS)Factor market Futures market Unmarketable Title Rembrandt market Comparative market analysis Outside market corner a market Futures market Market timing Computerized market timing system Exchange market Money market hedge Marketable Title Choice market Federal Open Market Committee (FOMC) Efficient market Marked to market Secondary mortgage market Narrow market National Market Advisory Board heavy market Marketed claims Open market operation Marking to market |
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