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Definition

A person who is thought to be an expert on predicting the future course of the market. At any point in time there are always experts who are called upon to predict the future of the stock market. During a bear or downward trend their numbers diminish because there is a general dearth of interest in equities, but in a bull trend their numbers increase. If the bull trend is sustained, then they become universally bullish and gurus who predict the end of the bull trend are steadily eliminated. The current bull trend began in March 2009 and is the longest bull trend in history - so there are few bears left because every time the predict that the market is going to fall they have been proved wrong. The COVID-19 bear trend was not a true bear trend because its origins were not economic. That explains why it was so short and sharp - a V-bottom. It did not substantially derail the bull trend.

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