Glossary

Bear Market

A bear market is a sustained decline of 20% or more in a broad market index from its recent peak. Bear markets are typically accompanied by widespread pessimism and reduced economic activity.

Why it matters

Bear markets test investor discipline. Historically, they last an average of 9-16 months and are followed by recoveries that more than make up the losses. Selling during a bear market locks in losses, while staying invested — or even increasing contributions — has historically led to stronger long-term returns.

Example

The S&P 500 dropped 34% in early 2020 during COVID but recovered to new highs within 5 months — investors who sold at the bottom missed the fastest recovery in history.

How Ray helps

Ray keeps your focus on your personal financial picture rather than market headlines. Ask to see your actual account performance in context, not panic-inducing index numbers.

Terminal
$ ray "how has my portfolio changed in the last 6 months?"

Related terms

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