bear mar·ket
noun
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a market in which prices are falling, encouraging selling.
Some financial analysts argue that we’re in the early stages of a full-fledged bear market. Well, we will just have to wait and see. Many of today’s investors here in the United States (and as a consequence, the world at large) have lived through two fairly nasty bears: a decline of 58% from 2000 to 2002 and a 57% plunge from 2007 to 2009.