What constitutes a bull market? And what about a bear market? The author of today’s article argues that popular definitions of these market events based on percentage changes (e.g. a bear market is a 20% peak-to-trough drop) have no rational basis behind them and are unable to help investors when it comes to the tasks of “managing risk, deploying capital or even in thinking about market cycles”. As such, he has created definitions that he believes are more useful for investors in their decision-making. To read more, CLICK HERE.