Bull market is a period of rising stock prices, typically defined as a 20%+ rise from recent lows over multiple months. Optimism, FOMO, and "buy the dip" mentality dominate.
📊 Characteristics
- Broad market index up > 20% from recent low
- New 52-week highs frequent
- Volume on up days > down days
- Retail euphoria, media positive
- IPO market active
- VIX low (< 20)
🎯 How Long?
- Average bull market US: 4-9 years
- Vietnam: 2-4 years (more cyclical)
- Crypto bull cycles: ~12-18 months
📈 How to Invest
- Buy the dip — corrections are buying opportunities
- Stay long, ignore noise
- Reduce cash to 5-10%
- Late bull market: trim positions, increase cash to 20-30%