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What is the difference between a Bear market and a Bull market?

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What is the difference between a Bear market and a Bull market?

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In a bear market the economy is bad, investors are pessimistic, and stock prices plunge. Since 1950 there have been 8 bear markets, each lasting about 3 years, during which the market fell by over 30%. In a bull market the economy is on the upswing, investors are optimistic, and stock prices are on the rise. Since 1950 there have been 8 bull markets, each lasting a little over 5 years, with an average gain of about 75%.

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