Bull Market or Bear Market? It’s all in the eye of the beholder.
This chart is titled S&P 500: Current Bear Market by its author.
He calls this whole period a BEAR Market as the S&P 500 is still off by 30.8% from its Oct. 2007 high.
I would argue that the BEAR Market ended on March 9, 2009. Since then the S&P 500 is up 60.2%.
If you remained bearish after March 9, 2009 you’ve either suffered great losses [by being short] or missed tremendous opportunities for gains on the long side. 17 months of better than 60% gains is a hard swallow for me to be classified as a bad market.