In addition, there were two big bull markets and bear markets before 2005, as follows:
1, the first big bull market time is 1990, 65438+February-65438+February, 0993; The first big bear market was 65438+February 0993-65438+1October 0996.
2. The time of the second big bull market is19961-20065438+0 June; The second big bear market lasted from 200 1 to June 2005.
Extended data
Influencing factors of bull market and bear market:
1, enterprise profitability.
If an enterprise has more profits and more dividends to distribute, its stock buyers will increase and its stock price will rise, forming a bull market; On the contrary, if the profits of enterprises are less and the dividends available for distribution are less, the buyers of enterprise stocks will decrease, and the stock price will be bearish, forming a bear market.
However, when investors evaluate stock prices, they are not based on the earnings of enterprises, but on the future earnings of enterprises. At the same time, because there are many factors that affect the stock price, sometimes the change of enterprise profit has less influence on the stock price than other factors, and the change of stock price may be inconsistent with the current profit situation of the enterprise.
2. National economic situation.
Economic recovery and prosperity, industrial production increased, products sold well, and corporate profits increased. When investors are optimistic about corporate stocks, the stock price will rise. In the economic recession and crisis, the products are unsalable, the output is reduced, and the profits of enterprises are reduced or no profits, which weakens the attractiveness of stocks and makes the stock price bearish.
3. Changes in interest rates.
Interest rates fall, the interest burden of enterprises is reduced, profits are relatively increased, the attractiveness of stocks is improved, and the stock price is bullish. The decrease of interest rate reduces the loan cost, stimulates the increase of stock investment and speculation, and raises the stock price; On the other hand, the rising interest rate will increase the interest rate burden of enterprises and reduce the profits of enterprises, thus reducing investors' interest in buying shares of enterprises, leading to the decline of stock demand and price.
Baidu Encyclopedia-Bull Market and Bear Market