-
By G
Kumar
|
|
The Primary Bull Market
Averaging more than 2 years, a primary bull market is a broad upward movement, interrupted by secondary reactions Due to improved business conditions and increase in speculative activity stock prices advance because of demand created by both speculation and investment.
There three characteristics of a bull period are
1) Revival of business confidence due to optimism
2) The rise of stock prices to the known improvement in corporate earnings.
3) Speculation is rampant - a period when stocks rise on expectations & euphoria.